Praetorian Acquisition Corp.’s (NASDAQ:PTOR) Lock-Up Period Will End on July 22nd

Praetorian Acquisition’s (NASDAQ:PTOR) lock-up period will end on Wednesday, July 22nd. Praetorian Acquisition had issued 22,000,000 shares in its IPO on January 23rd. 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.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Praetorian Acquisition in a research note on Tuesday, June 9th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Praetorian Acquisition Trading Up 0.9%

Shares of NASDAQ PTOR opened at $10.02 on Wednesday. The company’s 50-day moving average is $9.92. Praetorian Acquisition has a 52-week low of $9.77 and a 52-week high of $10.02.

About Praetorian Acquisition

Praetorian Acquisition Corp 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.