Titan Acquisition Corp.’s (NASDAQ:TACHU) Lock-Up Period To End Tomorrow

Titan Acquisition’s (NASDAQ:TACHU) lock-up period will end on Monday, October 6th. Titan Acquisition had issued 24,000,000 shares in its initial public offering on April 9th. The total size of the offering was $240,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Titan Acquisition to a “hold” rating in a research note on Wednesday, June 11th.

Titan Acquisition Price Performance

TACHU opened at $10.26 on Friday. The stock has a 50-day simple moving average of $10.24. Titan Acquisition has a twelve month low of $9.51 and a twelve month high of $11.00.

Hedge Funds Weigh In On Titan Acquisition

Several large investors have recently modified their holdings of the business. Wealthspring Capital LLC bought a new position in shares of Titan Acquisition in the second quarter valued at approximately $7,856,000. Clear Street LLC bought a new position in shares of Titan Acquisition in the second quarter valued at approximately $655,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Titan Acquisition in the second quarter valued at approximately $508,000.

Titan Acquisition Company Profile

We are a blank check company incorporated as an exempted company under the laws of the Cayman Islands on January 11, 2024, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.