Cantor Equity Partners II Inc.’s Lock-Up Period Will Expire on October 29th (NASDAQ:CEPT)

Cantor Equity Partners II’s (NASDAQ:CEPT) lock-up period will expire on Wednesday, October 29th. Cantor Equity Partners II had issued 24,000,000 shares in its IPO on May 2nd. The total size of the offering was $240,000,000 based on an initial share price of $10.00. After the expiration of Cantor Equity Partners II’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Cantor Equity Partners II in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Cantor Equity Partners II Trading Up 1.2%

Shares of Cantor Equity Partners II stock opened at $11.95 on Friday. The stock has a 50-day moving average price of $10.92. Cantor Equity Partners II has a 1 year low of $10.32 and a 1 year high of $13.25.

Hedge Funds Weigh In On Cantor Equity Partners II

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Cantor Equity Partners II in the 2nd quarter worth about $101,000. Clear Street LLC bought a new position in Cantor Equity Partners II in the 2nd quarter worth about $119,000. Permanent Capital Management LP bought a new position in Cantor Equity Partners II during the 3rd quarter valued at about $149,000. Hunting Hill Global Capital LLC bought a new position in Cantor Equity Partners II during the 2nd quarter valued at about $183,000. Finally, Gabelli Funds LLC bought a new position in Cantor Equity Partners II during the 2nd quarter valued at about $238,000.

Cantor Equity Partners II Company Profile

Cantor Equity Partners II, Inc is a blank check company. The company was founded on November 11, 2020 and is headquartered in New York, NY