KPET Ultra Paceline Lock-up Period Expires September 28th
2 reports, 1 independent
Updated Fri 00:00
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What happened
The lock-up period for KPET Ultra Paceline Corporation will expire on September 28th. The company had issued 20,000,000 shares during its public offering on March 31st, which totaled $200,000,000 based on an initial share price of $10.00. Shares held by company insiders and major shareholders will be eligible for trade after the expiration.
From themarketsdaily.com
Why it matters
The expiration allows shares previously restricted to become publicly tradable. The company is currently a blank check company, formed to pursue mergers, share exchanges, or other business combinations.
From themarketsdaily.com
Who's involved
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