X3 Acquisition’s (NASDAQ:XCBE – Get Free Report) lock-up period is set to expire on Monday, July 20th. X3 Acquisition had issued 20,000,000 shares in its IPO on January 21st. 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 expiration of the lock-up period.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on shares of X3 Acquisition in a research note on Monday, June 8th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Report on XCBE
X3 Acquisition Trading Down 0.2%
About X3 Acquisition
X3 Acquisition Corp Ltd is a blank check company.
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