GalaxyEdge Acquisition’s (NYSE:GLED – Get Free Report) lock-up period is set to end 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 GalaxyEdge Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Wall Street Analyst Weigh In
Separately, Weiss Ratings initiated coverage on GalaxyEdge Acquisition in a report on Tuesday, August 18th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Research Report on GalaxyEdge Acquisition
GalaxyEdge Acquisition Stock Up 0.1%
About GalaxyEdge Acquisition
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.
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