Cantor Equity Partners III, Inc.’s (NASDAQ:CAEP) Lock-Up Period Will Expire on December 23rd

Cantor Equity Partners III’s (NASDAQ:CAEP) lock-up period will end on Tuesday, December 23rd. Cantor Equity Partners III had issued 24,000,000 shares in its public offering on June 26th. The total size of the offering was $240,000,000 based on an initial share price of $10.00. After the end of Cantor Equity Partners III’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cantor Equity Partners III in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Cantor Equity Partners III Stock Performance

Shares of NASDAQ CAEP opened at $10.19 on Tuesday. The stock’s 50 day moving average price is $10.41. Cantor Equity Partners III has a 12 month low of $10.17 and a 12 month high of $11.09.

Cantor Equity Partners III (NASDAQ:CAEP) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.08 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners III

Several institutional investors and hedge funds have recently modified their holdings of the business. Mint Tower Capital Management B.V. purchased a new position in shares of Cantor Equity Partners III during the 2nd quarter valued at approximately $4,220,000. Tuttle Capital Management LLC purchased a new stake in Cantor Equity Partners III in the 2nd quarter worth $316,000. Wolverine Asset Management LLC acquired a new position in Cantor Equity Partners III during the second quarter worth $1,213,000. Magnetar Financial LLC purchased a new position in Cantor Equity Partners III during the second quarter valued at $5,275,000. Finally, HBK Investments L P acquired a new stake in shares of Cantor Equity Partners III in the second quarter valued at about $4,220,000.

Cantor Equity Partners III Company Profile

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.