Black Spade Acquisition III Co’s Lock-Up Period Set To Expire on July 6th (NYSE:BIII)

Black Spade Acquisition III’s (NYSE:BIII) lock-up period is set to expire on Monday, July 6th. Black Spade Acquisition III had issued 15,000,000 shares in its public offering on January 6th. The total size of the offering was $150,000,000 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 expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Black Spade Acquisition III in a research note on Monday, May 18th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Black Spade Acquisition III has a consensus rating of “Sell”.

Black Spade Acquisition III Price Performance

Shares of BIII stock opened at $9.97 on Monday. Black Spade Acquisition III has a 52-week low of $9.83 and a 52-week high of $10.02. The stock has a 50-day moving average price of $9.92.

About Black Spade Acquisition III

Black Spade Acquisition III Co is a blank check company.