Aperture AC’s (NASDAQ:APUR) Lock-Up Period Will End on November 17th

Aperture AC’s (NASDAQ:APUR) lock-up period will expire on Tuesday, November 17th. Aperture AC had issued 9,000,000 shares in its IPO on May 21st. The total size of the offering was $90,000,000 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 began coverage on Aperture AC in a report on Thursday, September 3rd. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Aperture AC Stock Up 0.3%

Shares of APUR stock opened at $10.10 on Thursday. The business has a 50 day simple moving average of $10.05. Aperture AC has a fifty-two week low of $9.88 and a fifty-two week high of $10.13.

Aperture AC Company Profile

Aperture AC is a special purpose acquisition company, or SPAC, formed to pursue a business combination with an operating company. Its potential transactions may include a merger, stock purchase, asset acquisition or similar combination. As a SPAC, Aperture AC does not describe a portfolio of products or services offered to customers. Its principal activity is identifying and completing a transaction with a private business, which could then become publicly traded. Further details about a target company, operating markets and leadership are not included here because I could not verify them reliably.