Muzero Acquisition Corp’s Lock-Up Period Set To Expire on July 29th (NASDAQ:MUZE)

Muzero Acquisition’s (NASDAQ:MUZE) lock-up period will expire on Wednesday, July 29th. Muzero Acquisition had issued 17,500,000 shares in its IPO on January 30th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Muzero Acquisition in a research report on Tuesday, June 16th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Muzero Acquisition Stock Performance

Shares of MUZE stock opened at $9.96 on Wednesday. Muzero Acquisition has a fifty-two week low of $9.78 and a fifty-two week high of $9.99. The business’s 50-day simple moving average is $9.94.