Twelve Seas Investment Company II’s (NASDAQ:TWLV) Lock-Up Period Will End on June 10th

Twelve Seas Investment Company II’s (NASDAQ:TWLV) lock-up period will expire on Wednesday, June 10th. Twelve Seas Investment Company II had issued 15,000,000 shares in its IPO on December 12th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end 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 Analyst Weigh In

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Twelve Seas Investment Company II Price Performance

Shares of NASDAQ:TWLV opened at $10.01 on Wednesday. The stock’s 50 day moving average price is $9.93 and its 200 day moving average price is $10.11. Twelve Seas Investment Company II has a 12 month low of $9.84 and a 12 month high of $10.38.

Twelve Seas Investment Company II (NASDAQ:TWLV) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.