Karbon Capital Partners Corp.’s (NASDAQ:KBON) Lock-Up Period Will End on June 9th

Karbon Capital Partners’ (NASDAQ:KBON) lock-up period is set to end on Tuesday, June 9th. Karbon Capital Partners had issued 30,000,000 shares in its IPO on December 11th. The total size of the offering was $300,000,000 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.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Karbon Capital Partners in a research report on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Karbon Capital Partners Stock Performance

NASDAQ KBON opened at $10.10 on Tuesday. The stock’s fifty day moving average price is $10.07. Karbon Capital Partners has a 52 week low of $10.02 and a 52 week high of $10.15.

Karbon Capital Partners Company Profile

We are a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.