Churchill Capital Corp XII’s Lock-Up Period Set To End on October 26th (NASDAQ:CXII)

Churchill Capital Corp XII’s (NASDAQ:CXII) lock-up period is set to end on Monday, October 26th. Churchill Capital Corp XII had issued 36,000,000 shares in its IPO on April 28th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

CXII has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings assumed coverage on shares of Churchill Capital Corp XII in a report on Friday, September 11th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Churchill Capital Corp XII Stock Performance

NASDAQ CXII opened at $10.33 on Friday. The business has a 50 day moving average price of $10.69. Churchill Capital Corp XII has a 1 year low of $10.05 and a 1 year high of $10.99.

Churchill Capital Corp XII Company Profile

Churchill Capital Corp XII is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to raise capital through a public offering and use those proceeds, together with other financing, to acquire or merge with a target business.

Churchill Capital Corp XII has not publicly identified a specific target company, industry focus, product portfolio, or operating geography.