Berto Acquisition Corp. II’s Lock-Up Period Will Expire on November 11th (NASDAQ:GUAC)

Berto Acquisition Corp. II’s (NASDAQ:GUAC) lock-up period will expire on Wednesday, November 11th. Berto Acquisition Corp. II had issued 27,400,000 shares in its IPO on May 15th. The total size of the offering was $274,000,000 based on an initial share price of $10.00. After the end of Berto Acquisition Corp. II’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Berto Acquisition Corp. II in a report on Monday, September 28th. 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, the stock currently has a consensus rating of “Sell”.

Berto Acquisition Corp. II Stock Up 0.0%

NASDAQ:GUAC opened at $9.88 on Friday. Berto Acquisition Corp. II has a 1-year low of $9.87 and a 1-year high of $10.05. The company’s 50 day moving average price is $9.91.

Berto Acquisition Corp. II Company Profile

Berto Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not currently operate a conventional business or offer products and services of its own.

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