Quantum Leap Acquisition’s (NYSE:QLEP – Get Free Report) lock-up period is set to end on Wednesday, October 28th. Quantum Leap Acquisition had issued 20,000,000 shares in its public offering on May 1st. 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 end of the lock-up period.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on Quantum Leap Acquisition in a research note on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Quantum Leap Acquisition has an average rating of “Sell”.
View Our Latest Stock Analysis on QLEP
Quantum Leap Acquisition Trading Down 0.0%
NYSE:QLEP opened at $10.06 on Tuesday. The business has a 50 day moving average of $10.03. Quantum Leap Acquisition has a 12 month low of $9.93 and a 12 month high of $10.10.
Institutional Trading of Quantum Leap Acquisition
An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP purchased a new stake in shares of Quantum Leap Acquisition Corp (NYSE:QLEP – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition comprises about 1.3% of Lineage Point Capital LP’s holdings, making the stock its 13th largest holding. Lineage Point Capital LP owned 2.75% of Quantum Leap Acquisition at the end of the most recent reporting period.
About Quantum Leap Acquisition
Quantum Leap Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quantum Leap Acquisition Corp. is based in Menlo Park, California.
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