Alussa Energy Acquisition Corp. II's (NYSE:ALUB) Lock-Up Period Set To End on May 12th

Key Points

• The company's lock-up period expires on May 12, after which shares held by insiders and major shareholders from the 25,000,000-share IPO (a $250 million offering at $10.00 per share) will become eligible to trade.
• Weiss Ratings initiated coverage on April 29 with a Sell (e) rating, and MarketBeat reports a consensus rating of "Sell" (one analyst).
• Alussa Energy Acquisition Corp. II is a blank-check (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination.

Alussa Energy Acquisition Corp. II's (NYSE:ALUB - Get Free Report) lock-up period will end on Tuesday, May 12th. Alussa Energy Acquisition Corp. II had issued 25,000,000 shares in its public offering on November 13th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Alussa Energy Acquisition Corp. II in a report on Wednesday, April 29th. They set a "sell (e)" rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".

Alussa Energy Acquisition Corp. II Price Performance

Alussa Energy Acquisition Corp. II stock opened at $10.00 on Tuesday.

About Alussa Energy Acquisition Corp. II

Alussa Energy Acquisition Corp II 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 or entities.

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