Inflection Point Acquisition Corp. VI’s (NASDAQ:IPFX) Lock-Up Period To End Tomorrow

Inflection Point Acquisition Corp. VI’s (NASDAQ:IPFX) lock-up period will expire on Wednesday, September 23rd. Inflection Point Acquisition Corp. VI had issued 22,000,000 shares in its initial public offering on March 27th. 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.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Inflection Point Acquisition Corp. VI in a research report on Thursday, August 20th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Inflection Point Acquisition Corp. VI has a consensus rating of “Sell”.

Inflection Point Acquisition Corp. VI Stock Up 0.1%

Shares of NASDAQ:IPFX opened at $10.04 on Tuesday. Inflection Point Acquisition Corp. VI has a 12 month low of $9.95 and a 12 month high of $11.02. The firm has a 50-day simple moving average of $10.10.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. VI

Several institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of Inflection Point Acquisition Corp. VI in the 2nd quarter worth approximately $1,802,000. Harraden Circle Investments LLC bought a new stake in Inflection Point Acquisition Corp. VI in the second quarter worth $19,326,000. Lineage Point Capital LP bought a new stake in Inflection Point Acquisition Corp. VI in the second quarter worth $2,471,000. Finally, Moore Capital Management LP purchased a new position in Inflection Point Acquisition Corp. VI during the second quarter worth $517,000.