Cantor Equity Partners II Inc.'s Lock-Up Period To Expire on October 29th (NASDAQ:CEPT)

Key Points

• The lock-up period for Cantor Equity Partners II Inc. (NASDAQ: CEPT) will expire on October 29th, allowing insiders and major shareholders to trade their shares.
• The company issued 24,000,000 shares in its initial public offering, valued at $240,000,000, with an initial share price of $10.00.
• Weiss Ratings has restated a "sell" rating for Cantor Equity Partners II, contributing to a current consensus rating of "Sell" among analysts.

Cantor Equity Partners II's (NASDAQ:CEPT - Get Free Report) lock-up period will expire on Wednesday, October 29th. Cantor Equity Partners II had issued 24,000,000 shares in its initial public offering on May 2nd. 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 Ratings Changes

Separately, Weiss Ratings restated a "sell (e-)" rating on shares of Cantor Equity Partners II in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Cantor Equity Partners II Stock Performance

Shares of Cantor Equity Partners II stock opened at $12.10 on Wednesday. The firm has a fifty day simple moving average of $10.88. Cantor Equity Partners II has a 52-week low of $10.32 and a 52-week high of $13.25.

Institutional Investors Weigh In On Cantor Equity Partners II

Several institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in Cantor Equity Partners II in the 2nd quarter valued at $101,000. Clear Street LLC bought a new stake in Cantor Equity Partners II in the 2nd quarter valued at $119,000. Permanent Capital Management LP bought a new stake in Cantor Equity Partners II in the 3rd quarter valued at $149,000. Hunting Hill Global Capital LLC bought a new stake in Cantor Equity Partners II in the 2nd quarter valued at $183,000. Finally, Gabelli Funds LLC bought a new stake in Cantor Equity Partners II in the 2nd quarter valued at $238,000.

Cantor Equity Partners II Company Profile

Cantor Equity Partners II, Inc is a blank check company. The company was founded on November 11, 2020 and is headquartered in New York, NY

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