White Pearl Acquisition Corp.’s Lock-Up Period To End 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 IPO on February 2nd. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on White Pearl Acquisition in a research report on Monday, June 1st. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

White Pearl Acquisition Price Performance

Shares of WPAC stock opened at $10.00 on Wednesday. White Pearl Acquisition has a twelve month low of $9.82 and a twelve month high of $11.89. The stock has a fifty day moving average price of $10.04.

About White Pearl Acquisition

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.