Launchpad Cadenza Acquisition Corp I’s (NASDAQ:LPCV) Lock-Up Period Will End on June 16th

Launchpad Cadenza Acquisition Corp I’s (NASDAQ:LPCVGet Free Report) lock-up period is set to end on Tuesday, June 16th. Launchpad Cadenza Acquisition Corp I had issued 20,000,000 shares in its IPO on December 18th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research firms recently commented on LPCV. Wall Street Zen upgraded shares of Launchpad Cadenza Acquisition Corp I to a “hold” rating in a research note on Thursday, February 19th. Weiss Ratings began coverage on shares of Launchpad Cadenza Acquisition Corp I in a research note on Monday, May 18th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Launchpad Cadenza Acquisition Corp I has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on LPCV

Launchpad Cadenza Acquisition Corp I Stock Down 0.1%

Shares of LPCV stock opened at $10.00 on Tuesday. Launchpad Cadenza Acquisition Corp I has a 52-week low of $9.88 and a 52-week high of $10.03. The firm has a fifty day simple moving average of $9.97.

About Launchpad Cadenza Acquisition Corp I

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Launchpad Cadenza Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

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