KPET Ultra Paceline Corporation’s Lock-Up Period To End Tomorrow (NYSE:KPET)

KPET Ultra Paceline’s (NYSE:KPET – Get Free Report) lock-up period is set to end on Monday, September 28th. KPET Ultra Paceline had issued 20,000,000 shares in its public offering on March 31st. 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 Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on KPET Ultra Paceline in a research note on Monday, August 17th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on KPET Ultra Paceline

KPET Ultra Paceline Price Performance

Shares of NYSE KPET opened at $10.05 on Friday. KPET Ultra Paceline has a fifty-two week low of $9.91 and a fifty-two week high of $10.21. The firm has a market cap of $291.47 million and a PE ratio of 167.57. The firm has a fifty day moving average of $10.03.

KPET Ultra Paceline (NYSE:KPET – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

About KPET Ultra Paceline

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KPET Ultra Paceline Corporation is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KPET Ultra Paceline Corporation is based in New York.

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