Peace Acquisition Corp’s (NASDAQ:PECE) Lock-Up Period To Expire on November 18th

Peace Acquisition’s (NASDAQ:PECE) lock-up period is set to end on Wednesday, November 18th. Peace Acquisition had issued 6,000,000 shares in its IPO on May 22nd. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Peace Acquisition in a research report on Friday, August 28th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Peace Acquisition currently has an average rating of “Sell”.

Peace Acquisition Price Performance

NASDAQ PECE opened at $10.07 on Friday. The business’s fifty day simple moving average is $10.02. Peace Acquisition has a fifty-two week low of $9.87 and a fifty-two week high of $10.06.

Peace Acquisition (NASDAQ:PECE) last issued its earnings results on Tuesday, November 10th. The company reported $0.07 earnings per share for the quarter.

About Peace Acquisition

Peace Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Peace Acquisition does not have established products or services of its own. Its business activity centers on identifying and completing a suitable transaction; until then, its prospects depend on finding a business combination and obtaining the required approvals.