Agencia Comercial Spirits Ltd.'s Lock-Up Period To End on April 20th (NASDAQ:AGCC)

Key Points

• Lock-up period ends April 20: 1,750,000 IPO shares (offering size $7.0M at $4.00 per share) will become eligible for sale, allowing insiders and major shareholders to sell once restrictions lift.
• Analyst sentiment is negative: Weiss Ratings initiated coverage with a "sell (e-)" and MarketBeat shows the company's average analyst rating is "Sell."
• Recent price and institutional activity: AGCC has traded between $3.66 and $24.98 in the past year (opened at $14.81; 50‑day average $13.86), and Geode Capital bought roughly 11,730 shares (~$114,000) in Q4.

Agencia Comercial Spirits' (NASDAQ:AGCC - Get Free Report) lock-up period is set to expire on Monday, April 20th. Agencia Comercial Spirits had issued 1,750,000 shares in its IPO on October 22nd. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Agencia Comercial Spirits in a research report on Friday, January 16th. They issued a "sell (e-)" rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Agencia Comercial Spirits Price Performance

Shares of AGCC stock opened at $14.81 on Monday. Agencia Comercial Spirits has a one year low of $3.66 and a one year high of $24.98. The business has a fifty day moving average price of $13.86.

Institutional Investors Weigh In On Agencia Comercial Spirits

A hedge fund recently bought a new stake in Agencia Comercial Spirits stock. Geode Capital Management LLC purchased a new stake in Agencia Comercial Spirits Ltd. (NASDAQ:AGCC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,730 shares of the company's stock, valued at approximately $114,000.

About Agencia Comercial Spirits

Agencia Comercial Spirits Ltd is an exempted company with limited liability incorporated under the laws of the Cayman Islands. As Agencia Comercial Spirits Ltd is a holding company with no material operations of its own, our operations are conducted through our indirect wholly owned operating subsidiary Agencia Comercial Co, Ltd (“Agencia Taiwan”) in Taiwan. Agencia Taiwan was formally registered and established in July 2020, and is committed to offering imported whiskies of world-class quality and excellent services to its clients.

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