Soren Acquisition Corp.’s Lock-Up Period To End on July 6th (NASDAQ:SORN)

Soren Acquisition’s (NASDAQ:SORN) lock-up period is set to expire on Monday, July 6th. Soren Acquisition had issued 22,000,000 shares in its IPO on January 7th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Soren Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Soren Acquisition presently has an average rating of “Sell”.

Soren Acquisition Stock Down 0.2%

Soren Acquisition stock opened at $9.92 on Monday. The business’s 50-day moving average price is $9.92. Soren Acquisition has a 1-year low of $9.81 and a 1-year high of $10.88.

Soren Acquisition Company Profile

Soren Acquisition Corp is a blank check company.