Praetorian Acquisition Corp.’s Lock-Up Period Will Expire on July 22nd (NASDAQ:PTOR)

Praetorian Acquisition’s (NASDAQ:PTOR) lock-up period will end on Wednesday, July 22nd. Praetorian Acquisition had issued 22,000,000 shares in its public offering on January 23rd. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of Praetorian Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Praetorian Acquisition in a research note on Tuesday, June 9th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Praetorian Acquisition Trading Down 0.4%

Shares of NASDAQ PTOR opened at $10.00 on Friday. Praetorian Acquisition has a 52 week low of $9.77 and a 52 week high of $10.04. The stock has a fifty day moving average of $9.93.

Praetorian Acquisition Company Profile

Praetorian Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.