GalaxyEdge Acquisition Corporation’s Lock-Up Period Set To Expire on August 31st (NYSE:GLED)

GalaxyEdge Acquisition’s (NYSE:GLED) lock-up period is set to expire on Monday, August 31st. GalaxyEdge Acquisition had issued 10,000,000 shares in its IPO on March 4th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of GalaxyEdge Acquisition in a research report on Tuesday, August 18th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

GalaxyEdge Acquisition Stock Performance

Shares of GalaxyEdge Acquisition stock opened at $9.99 on Wednesday. The firm’s 50-day moving average price is $9.96. GalaxyEdge Acquisition has a 12 month low of $9.87 and a 12 month high of $10.00.

GalaxyEdge Acquisition Company Profile

GalaxyEdge Acquisition Corp is a newly organized blank check company. The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.