Burtech Acquisition Corp.’s (NASDAQ:BRKH) Lock-Up Period Set To Expire on November 18th

Burtech Acquisition’s (NASDAQ:BRKH) lock-up period is set to expire on Wednesday, November 18th. Burtech Acquisition had issued 8,000,000 shares in its IPO on May 22nd. The total size of the offering was $80,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Burtech Acquisition in a research report on Tuesday, October 6th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Burtech Acquisition Stock Performance

NASDAQ BRKH opened at $10.06 on Friday. The company has a fifty day moving average of $10.03 and a two-hundred day moving average of $5.37. Burtech Acquisition has a 1 year low of $9.80 and a 1 year high of $11.04.

Burtech Acquisition (NASDAQ:BRKH) last posted its earnings results on Thursday, November 12th. The company reported $0.05 EPS for the quarter.

About Burtech Acquisition

BurTech Acquisition Corp. was a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition or similar business combination. It did not operate a separate business or offer products and services of its own while seeking a transaction. BurTech completed a business combination with Blaize, Inc., a company that develops artificial intelligence computing solutions. The transaction brought Blaize’s business into the public markets; BurTech’s role was to identify and complete the combination rather than to develop or sell the technology itself.