Space Asset Acquisition Corp.’s Lock-Up Period Set To Expire on July 27th (NASDAQ:SAAQ)

Space Asset Acquisition’s (NASDAQ:SAAQ) lock-up period is set to expire on Monday, July 27th. Space Asset Acquisition had issued 20,000,000 shares in its initial public offering on January 28th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Space Asset Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Space Asset Acquisition in a research note on Monday, June 15th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Space Asset Acquisition currently has an average rating of “Sell”.

Space Asset Acquisition Trading Up 0.1%

NASDAQ SAAQ opened at $10.16 on Friday. Space Asset Acquisition has a one year low of $9.88 and a one year high of $11.10. The stock’s 50-day simple moving average is $10.32.

About Space Asset Acquisition

Space Asset Acquisition Corp is a blank check company.