White Pearl Acquisition Corp.’s Lock-Up Period Will Expire on August 3rd (NYSE:WPAC)

White Pearl Acquisition’s (NYSE:WPAC) lock-up period is set to expire on Monday, August 3rd. White Pearl Acquisition had issued 10,000,000 shares in its initial public offering on February 2nd. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of White Pearl Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of White Pearl Acquisition in a research note on Monday, June 1st. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

White Pearl Acquisition Stock Performance

WPAC opened at $10.01 on Monday. White Pearl Acquisition has a twelve month low of $9.82 and a twelve month high of $11.89.

White Pearl Acquisition Company Profile

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