HCM IV Acquisition Corp.’s (NASDAQ:HACQ) Lock-Up Period Will Expire Tomorrow

HCM IV Acquisition’s (NASDAQ:HACQ) lock-up period is set to end on Tuesday, August 11th. HCM IV Acquisition had issued 25,000,000 shares in its public offering on February 12th. The total size of the offering was $250,000,000 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 Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of HCM IV Acquisition in a research report on Tuesday, June 30th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, HCM IV Acquisition presently has an average rating of “Sell”.

HCM IV Acquisition Price Performance

NASDAQ:HACQ opened at $10.07 on Monday. The firm’s 50-day moving average is $10.04. HCM IV Acquisition has a 52-week low of $9.86 and a 52-week high of $10.09.

HCM IV Acquisition Company Profile

HCM IV 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.