QDRO Acquisition Corp.’s Lock-Up Period To End on September 23rd (NASDAQ:QADR)

QDRO Acquisition’s (NASDAQ:QADR) lock-up period will expire on Wednesday, September 23rd. QDRO Acquisition had issued 20,000,000 shares in its public offering on March 27th. The total size of the offering was $200,000,000 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 expiration of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on QDRO Acquisition in a research note on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

QDRO Acquisition Stock Performance

NASDAQ QADR opened at $10.03 on Friday. QDRO Acquisition has a 12 month low of $9.85 and a 12 month high of $11.07. The stock has a 50 day simple moving average of $9.98.

About QDRO Acquisition

QDRO Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

Unlike an operating company, QDRO Acquisition Corp. does not appear to have an established portfolio of products or services, manufacturing operations or customer-facing business activities.