Berto Acquisition Corp. II’s (NASDAQ:GUAC) Lock-Up Period Will End on November 11th

Berto Acquisition Corp. II’s (NASDAQ:GUAC) lock-up period is set to expire on Wednesday, November 11th. Berto Acquisition Corp. II had issued 27,400,000 shares in its IPO on May 15th. The total size of the offering was $274,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Berto Acquisition Corp. II in a research note on Monday, September 28th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Berto Acquisition Corp. II presently has a consensus rating of “Sell”.

Berto Acquisition Corp. II Stock Up 0.3%

Shares of NASDAQ:GUAC opened at $9.90 on Friday. The stock’s 50-day moving average price is $9.91. Berto Acquisition Corp. II has a 12 month low of $9.87 and a 12 month high of $10.05.

About Berto Acquisition Corp. II

Berto Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not currently operate a conventional business or offer products and services of its own.

Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination with one or more businesses. Until a transaction is completed, Berto Acquisition Corp.