Abony Acquisition Corp. I’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:AACO)

Abony Acquisition Corp. I’s (NASDAQ:AACO) lock-up period will expire on Tuesday, August 18th. Abony Acquisition Corp. I had issued 20,000,000 shares in its initial public offering on February 19th. The total size of the offering was $200,000,000 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 end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Abony Acquisition Corp. I in a research report on Wednesday, July 8th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Abony Acquisition Corp. I Stock Performance

AACO opened at $9.96 on Monday. The company’s 50 day simple moving average is $9.94. Abony Acquisition Corp. I has a twelve month low of $9.84 and a twelve month high of $9.99.

Abony Acquisition Corp. I Company Profile

Abony Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.