Averin Capital Acquisition Corp.’s (NASDAQ:ACAA) Lock-Up Period To End Tomorrow

Averin Capital Acquisition’s (NASDAQ:ACAA) lock-up period will expire on Tuesday, August 18th. Averin Capital Acquisition had issued 25,000,000 shares in its initial public offering on February 19th. The total size of the offering was $250,000,000 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Averin Capital Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Averin Capital Acquisition Stock Performance

NASDAQ:ACAA opened at $10.01 on Monday. Averin Capital Acquisition has a fifty-two week low of $9.56 and a fifty-two week high of $10.23. The firm’s 50-day simple moving average is $10.01.

About Averin Capital Acquisition

Averin Capital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.