ITHAX Acquisition Corp III’s (NASDAQ:ITHA) Lock-Up Period Set To End on June 10th

ITHAX Acquisition Corp III’s (NASDAQ:ITHA) lock-up period will end on Wednesday, June 10th. ITHAX Acquisition Corp III had issued 20,000,000 shares in its public offering on December 12th. The total size of the offering was $200,000,000 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of ITHAX Acquisition Corp III in a research report on Wednesday, April 15th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

ITHAX Acquisition Corp III Trading Up 0.2%

Shares of ITHA stock opened at $10.00 on Wednesday. ITHAX Acquisition Corp III has a one year low of $9.85 and a one year high of $10.00. The stock’s 50-day moving average is $9.93.

About ITHAX Acquisition Corp III

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.