QuasarEdge Acquisition Corporation’s (NYSE:QRED) Lock-Up Period Will Expire on October 12th

QuasarEdge Acquisition’s (NYSE:QRED) lock-up period is set to end on Monday, October 12th. QuasarEdge Acquisition had issued 10,000,000 shares in its IPO on April 15th. The total size of the offering was $100,000,000 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 expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on QuasarEdge Acquisition in a research report on Tuesday, September 22nd. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

QuasarEdge Acquisition Trading Down 0.1%

QRED stock opened at $10.05 on Friday. QuasarEdge Acquisition has a one year low of $9.87 and a one year high of $10.06. The business’s 50 day simple moving average is $10.04.

QuasarEdge Acquisition Company Profile

QuasarEdge Acquisition Corp is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. QuasarEdge Acquisition Corp is based in NEW YORK.