Bluerock Acquisition Corp.’s (NASDAQ:BLRK) Lock-Up Period To End on June 9th

Bluerock Acquisition’s (NASDAQ:BLRK) lock-up period will expire on Tuesday, June 9th. Bluerock Acquisition had issued 15,000,000 shares in its IPO on December 11th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Bluerock Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Bluerock Acquisition in a research report on Wednesday, April 29th. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Bluerock Acquisition Trading Up 0.1%

NASDAQ BLRK opened at $9.98 on Tuesday. The firm has a fifty day moving average of $9.93. Bluerock Acquisition has a 12 month low of $9.87 and a 12 month high of $10.00.

About Bluerock Acquisition

Bluerock Acquisition Corporation (NASDAQ: BLRK) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, purchase of securities or other similar business combination. As a blank-check vehicle, the company’s primary corporate purpose is to identify and complete a business combination that will result in a non-SPAC operating company with publicly traded equity.

Following its IPO, Bluerock Acquisition typically holds the proceeds in a trust account while its management team evaluates potential targets, negotiates transaction terms and seeks shareholder approval for a proposed combination.