Iron Dome Acquisition I Corp.’s Lock-Up Period Set To End Tomorrow (NASDAQ:IDAC)

Iron Dome Acquisition I’s (NASDAQ:IDAC) lock-up period will expire on Wednesday, November 11th. Iron Dome Acquisition I had issued 15,000,000 shares in its public offering on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on Iron Dome Acquisition I in a research note on Monday, September 28th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Iron Dome Acquisition I Stock Up 0.7%

Shares of NASDAQ IDAC opened at $10.07 on Tuesday. The company’s 50 day moving average is $10.02. Iron Dome Acquisition I has a 52 week low of $9.90 and a 52 week high of $10.05.

Iron Dome Acquisition I Company Profile

Iron Dome Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IDAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Iron Dome Acquisition I did not conduct a substantive operating business or offer products and services to customers before completing a business combination. Its activities primarily involved raising capital through a public offering and evaluating potential acquisition targets.

Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.