Abony Acquisition Corp. I’s Lock-Up Period Will End on August 18th (NASDAQ:AACO)

Abony Acquisition Corp. I’s (NASDAQ:AACO) lock-up period will expire on Tuesday, August 18th. Abony Acquisition Corp. I had issued 20,000,000 shares in its IPO on February 19th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of Abony Acquisition Corp. I’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 Abony Acquisition Corp. I in a report on Wednesday, July 8th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Abony Acquisition Corp. I Trading Up 0.1%

AACO stock opened at $9.96 on Friday. Abony Acquisition Corp. I has a fifty-two week low of $9.84 and a fifty-two week high of $9.99. The stock’s 50 day moving average price is $9.94.

About Abony Acquisition Corp. I

Abony Acquisition Corp I 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.