QDRO Acquisition Corp.’s (NASDAQ:QADR) Lock-Up Period To Expire Tomorrow

QDRO Acquisition’s (NASDAQ:QADR) lock-up period will end on Wednesday, September 23rd. QDRO Acquisition had issued 20,000,000 shares in its public offering on March 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of QDRO 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 started coverage on QDRO Acquisition in a research note on Tuesday, August 18th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, QDRO Acquisition presently has a consensus rating of “Sell”.

QDRO Acquisition Trading Up 1.5%

Shares of QDRO Acquisition stock opened at $10.14 on Tuesday. The stock has a 50 day moving average price of $9.98. QDRO Acquisition has a 52-week low of $9.85 and a 52-week high of $11.07.

QDRO Acquisition Company Profile

QDRO Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

Unlike an operating company, QDRO Acquisition Corp. does not appear to have an established portfolio of products or services, manufacturing operations or customer-facing business activities.