Plutonian Acquisition Corp II’s (NYSE:PLUN) Lock-Up Period Will End on October 26th

Plutonian Acquisition Corp II’s (NYSE:PLUN) lock-up period will expire on Monday, October 26th. Plutonian Acquisition Corp II had issued 10,000,000 shares in its initial public offering on April 28th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of Plutonian Acquisition Corp II’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

PLUN has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Plutonian Acquisition Corp II to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings began coverage on shares of Plutonian Acquisition Corp II in a research note on Monday, September 14th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Plutonian Acquisition Corp II Price Performance

NYSE:PLUN opened at $10.12 on Wednesday. Plutonian Acquisition Corp II has a 52 week low of $9.94 and a 52 week high of $10.16. The stock has a fifty day simple moving average of $10.07.

Plutonian Acquisition Corp II Company Profile

Plutonian Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses or entities. The company does not currently operate a commercial business or offer products and services to customers.

Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination. Until a transaction is completed, Plutonian Acquisition Corp.