SUMA Acquisition Corporation’s Lock-Up Period To Expire on September 7th (NASDAQ:SUMA)

SUMA Acquisition’s (NASDAQ:SUMA) lock-up period is set to expire on Monday, September 7th. SUMA Acquisition had issued 15,000,000 shares in its IPO on March 11th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of SUMA Acquisition in a research report on Thursday, August 13th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SUMA Acquisition currently has an average rating of “Sell”.

SUMA Acquisition Price Performance

SUMA opened at $9.95 on Wednesday. SUMA Acquisition has a 1-year low of $9.83 and a 1-year high of $9.97. The company has a 50 day simple moving average of $9.92.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SUMA Acquisition stock. Lineage Point Capital LP bought a new stake in SUMA Acquisition Corporation (NASDAQ:SUMA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 150,201 shares of the company’s stock, valued at approximately $1,517,000. Lineage Point Capital LP owned 0.85% of SUMA Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

SUMA Acquisition Company Profile

Suma 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 or entities.