West Enclave Merger Corp.’s Lock-Up Period To Expire on October 27th (NYSE:WENC)

West Enclave Merger’s (NYSE:WENC) lock-up period is set to end on Tuesday, October 27th. West Enclave Merger had issued 10,000,000 shares in its IPO on April 30th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end 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 started coverage on shares of West Enclave Merger in a research note on Thursday, August 13th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

West Enclave Merger Price Performance

NYSE WENC opened at $10.03 on Thursday. West Enclave Merger has a 1-year low of $9.86 and a 1-year high of $10.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 6.76 and a quick ratio of 6.76. The firm has a 50-day moving average of $10.01.

West Enclave Merger Company Profile

West Enclave Merger Corp. is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. West Enclave Merger Corp. is based in Mexico.