SPACSphere Acquisition Corp.’s (NASDAQ:SSAC) Lock-Up Period To Expire on August 5th

SPACSphere Acquisition’s (NASDAQ:SSAC) lock-up period is set to end on Wednesday, August 5th. SPACSphere Acquisition had issued 15,000,000 shares in its public offering on February 6th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on SPACSphere Acquisition in a report on Friday, May 29th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

SPACSphere Acquisition Price Performance

SSAC stock opened at $10.04 on Friday. The business has a 50 day moving average of $9.99. SPACSphere Acquisition has a 12-month low of $9.85 and a 12-month high of $10.05.

About SPACSphere Acquisition

SPACSphere Acquisition Corp is a blank check company.