Oceanhawk Acquisition Corp.’s (NASDAQ:OHAC) Lock-Up Period To End on November 17th

Oceanhawk Acquisition’s (NASDAQ:OHAC) lock-up period will expire on Tuesday, November 17th. Oceanhawk Acquisition had issued 16,000,000 shares in its IPO on May 21st. The total size of the offering was $160,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Oceanhawk Acquisition in a research note on Monday, August 31st. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to MarketBeat, Oceanhawk Acquisition currently has an average rating of “Sell”.

Oceanhawk Acquisition Stock Up 0.1%

Shares of NASDAQ OHAC opened at $10.04 on Friday. Oceanhawk Acquisition has a 1-year low of $9.86 and a 1-year high of $10.06. The business has a 50-day moving average of $10.00.

Oceanhawk Acquisition (NASDAQ:OHAC) last released its quarterly earnings results on Friday, November 13th. The company reported $0.03 EPS for the quarter.

About Oceanhawk Acquisition

Oceanhawk Acquisition Corp. is a special purpose acquisition company (SPAC), established to pursue a merger, share exchange, asset acquisition, or similar business combination with another company. Unlike an operating business, Oceanhawk does not itself offer products or services. Its activity is centered on identifying and completing a transaction with a private company, which may then become publicly traded through the combination. Specific information about a completed business combination, operating activities, or geographic markets is not available here.