KPET Ultra Paceline Corporation’s Lock-Up Period To End on September 28th (NYSE:KPET)

KPET Ultra Paceline’s (NYSE:KPET) lock-up period will expire on Monday, September 28th. KPET Ultra Paceline had issued 20,000,000 shares in its public offering on March 31st. 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 company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of KPET Ultra Paceline in a research report on Monday, August 17th. 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, KPET Ultra Paceline has a consensus rating of “Sell”.

KPET Ultra Paceline Trading Up 0.3%

Shares of KPET Ultra Paceline stock opened at $10.02 on Wednesday. The company has a market cap of $290.33 million and a P/E ratio of 166.92. The firm has a fifty day moving average of $10.03. KPET Ultra Paceline has a fifty-two week low of $9.91 and a fifty-two week high of $10.21.

KPET Ultra Paceline (NYSE:KPET) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter.

About KPET Ultra Paceline

KPET Ultra Paceline Corporation is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KPET Ultra Paceline Corporation is based in New York.