Iron Dome Acquisition I Corp.’s Lock-Up Period Set To Expire on November 11th (NASDAQ:IDAC)

Iron Dome Acquisition I’s (NASDAQ:IDAC) lock-up period is set to expire on Wednesday, November 11th. Iron Dome Acquisition I had issued 15,000,000 shares in its initial public offering on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of Iron Dome Acquisition I’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 initiated coverage on Iron Dome Acquisition I in a research report on Monday, September 28th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Iron Dome Acquisition I Stock Performance

Shares of NASDAQ IDAC opened at $10.01 on Friday. Iron Dome Acquisition I has a 52-week low of $9.90 and a 52-week high of $10.05. The stock has a 50 day moving average price of $10.02.

Iron Dome Acquisition I Company Profile

Iron Dome Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IDAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Iron Dome Acquisition I did not conduct a substantive operating business or offer products and services to customers before completing a business combination. Its activities primarily involved raising capital through a public offering and evaluating potential acquisition targets.

Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.