Quantum Leap Acquisition Corp’s (NYSE:QLEP) Lock-Up Period Will Expire on October 28th

Quantum Leap Acquisition’s (NYSE:QLEP) lock-up period is set to end on Wednesday, October 28th. Quantum Leap Acquisition had issued 20,000,000 shares in its public offering on May 1st. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of Quantum Leap Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Quantum Leap Acquisition to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings started coverage on shares of Quantum Leap Acquisition in a research note on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Quantum Leap Acquisition has a consensus rating of “Sell”.

Quantum Leap Acquisition Price Performance

NYSE:QLEP opened at $10.06 on Friday. Quantum Leap Acquisition has a one year low of $9.93 and a one year high of $10.10. The firm has a 50-day simple moving average of $10.03.

Institutional Investors Weigh In On Quantum Leap Acquisition

An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP acquired a new stake in Quantum Leap Acquisition Corp (NYSE:QLEP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition comprises 1.3% of Lineage Point Capital LP’s portfolio, making the stock its 13th biggest position. Lineage Point Capital LP owned about 2.75% of Quantum Leap Acquisition at the end of the most recent reporting period.

About Quantum Leap Acquisition

Quantum Leap Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quantum Leap Acquisition Corp. is based in Menlo Park, California.