Churchill Capital Corp XII’s Lock-Up Period Will End Tomorrow (NASDAQ:CXII)

Churchill Capital Corp XII’s (NASDAQ:CXII) lock-up period is set to end on Monday, October 26th. Churchill Capital Corp XII had issued 36,000,000 shares in its IPO on April 28th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CXII. Weiss Ratings started coverage on Churchill Capital Corp XII in a research note on Friday, September 11th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded shares of Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Churchill Capital Corp XII Stock Performance

Churchill Capital Corp XII stock opened at $10.36 on Friday. The company has a market capitalization of $575.22 million and a PE ratio of 207.10. The company has a 50-day simple moving average of $10.68. Churchill Capital Corp XII has a 12-month low of $10.05 and a 12-month high of $10.99.

Churchill Capital Corp XII Company Profile

Churchill Capital Corp XII is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to raise capital through a public offering and use those proceeds, together with other financing, to acquire or merge with a target business.

Churchill Capital Corp XII has not publicly identified a specific target company, industry focus, product portfolio, or operating geography.