Cantor Equity Partners III, Inc.’s Lock-Up Period Will End on December 23rd (NASDAQ:CAEP)

Cantor Equity Partners III’s (NASDAQ:CAEP) lock-up period will expire on Tuesday, December 23rd. Cantor Equity Partners III had issued 24,000,000 shares in its initial public offering on June 26th. The total size of the offering was $240,000,000 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 Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cantor Equity Partners III in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Cantor Equity Partners III Price Performance

NASDAQ:CAEP opened at $10.20 on Thursday. The firm has a 50-day simple moving average of $10.40. Cantor Equity Partners III has a one year low of $10.17 and a one year high of $11.09.

Cantor Equity Partners III (NASDAQ:CAEP) last posted its earnings results on Friday, November 14th. The company reported $0.08 earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harraden Circle Investments LLC purchased a new position in shares of Cantor Equity Partners III in the second quarter worth about $14,411,000. Meteora Capital LLC acquired a new stake in Cantor Equity Partners III during the second quarter valued at $13,489,000. Jane Street Group LLC acquired a new stake in shares of Cantor Equity Partners III during the 2nd quarter valued at about $10,569,000. MMCAP International Inc. SPC acquired a new position in Cantor Equity Partners III in the 2nd quarter worth about $7,912,000. Finally, LMR Partners LLP acquired a new stake in Cantor Equity Partners III in the second quarter valued at approximately $6,330,000.

Cantor Equity Partners III Company Profile

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.