Social Commerce Partners’ (NASDAQ:SCPQ – Get Free Report) lock-up period will expire on Monday, June 22nd. Social Commerce Partners had issued 10,000,000 shares in its initial public offering on December 23rd. The total size of the offering was $100,000,000 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.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on Social Commerce Partners in a research report on Wednesday, May 20th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
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Social Commerce Partners Stock Performance
Social Commerce Partners Company Profile
Social Commerce Partners Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.
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