Shreya Acquisition Group’s Lock-Up Period To End Tomorrow (NYSE:SAGU)

Shreya Acquisition Group’s (NYSE:SAGU) lock-up period is set to end on Tuesday, November 3rd. Shreya Acquisition Group had issued 10,000,000 shares in its IPO on May 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Shreya Acquisition Group in a research report on Tuesday, August 18th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Shreya Acquisition Group Stock Up 0.1%

NYSE:SAGU opened at $10.04 on Monday. Shreya Acquisition Group has a 12-month low of $9.85 and a 12-month high of $10.12. The company has a fifty day moving average of $10.03.

About Shreya Acquisition Group

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.