Tailwind 2.0 Acquisition Corp.'s (NASDAQ:TDWD) Lock-Up Period Set To Expire on May 6th

Key Points

• Lock-up period expires on May 6, allowing major shareholders and insiders to sell; the SPAC issued 15,000,000 IPO shares on Nov. 7 at $10, raising $150 million.
• Weiss Ratings initiated coverage with a Sell rating, and MarketBeat's consensus rating for Tailwind 2.0 Acquisition is also "Sell."
• TDWD opened at $9.98 and has traded in a tight 12‑month range of $9.83–$9.98, keeping it essentially at its IPO price; Tailwind 2.0 is a blank‑check company.

Tailwind 2.0 Acquisition's (NASDAQ:TDWD - Get Free Report) lock-up period is set to expire on Wednesday, May 6th. Tailwind 2.0 Acquisition had issued 15,000,000 shares in its initial public offering on November 7th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Tailwind 2.0 Acquisition's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Tailwind 2.0 Acquisition in a report on Wednesday. They issued a "sell (e)" rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tailwind 2.0 Acquisition currently has a consensus rating of "Sell".

Tailwind 2.0 Acquisition Price Performance

Shares of NASDAQ TDWD opened at $9.98 on Friday. Tailwind 2.0 Acquisition has a twelve month low of $9.83 and a twelve month high of $9.98.

About Tailwind 2.0 Acquisition

Tailwind 2.0 Acquisition Corp is a blank check company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.