SUMA Acquisition Corporation’s Lock-Up Period Will Expire Tomorrow (NASDAQ:SUMA)

SUMA Acquisition’s (NASDAQ:SUMA) lock-up period is set to end on Monday, September 7th. SUMA Acquisition had issued 15,000,000 shares in its IPO on March 11th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of SUMA Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of SUMA Acquisition in a report on Thursday, August 13th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

SUMA Acquisition Stock Performance

Shares of SUMA stock opened at $9.95 on Friday. The stock has a 50-day moving average of $9.93. SUMA Acquisition has a one year low of $9.83 and a one year high of $9.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SUMA Acquisition stock. Lineage Point Capital LP bought a new stake in shares of SUMA Acquisition Corporation (NASDAQ:SUMA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,201 shares of the company’s stock, valued at approximately $1,517,000. Lineage Point Capital LP owned approximately 0.85% of SUMA Acquisition as of its most recent SEC filing.

SUMA Acquisition Company Profile

Suma 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 or entities.