Muzero Acquisition Corp’s (NASDAQ:MUZE) Lock-Up Period Set To End on July 29th

Muzero Acquisition’s (NASDAQ:MUZE) lock-up period will expire on Wednesday, July 29th. Muzero Acquisition had issued 17,500,000 shares in its public offering on January 30th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Muzero Acquisition in a research note on Tuesday, June 16th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Muzero Acquisition presently has a consensus rating of “Sell”.

Muzero Acquisition Trading Up 0.1%

Shares of Muzero Acquisition stock opened at $9.97 on Friday. The company’s 50 day moving average is $9.94. Muzero Acquisition has a 12-month low of $9.78 and a 12-month high of $9.99.