Rumble CEO Chris Pavlovski Comments On Upcoming Lock Up Expiration, Says Will Not Sell His Shares When Lock Up Agreements As Part Of Business Combination With CF Acquisition Corp Expire On Sept 16
Portfolio Pulse from Benzinga Newsdesk
Rumble CEO Chris Pavlovski has announced that he will not sell his shares when the lock-up agreements as part of the business combination with CF Acquisition Corp expire on September 16.
September 05, 2023 | 11:33 am
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NEUTRAL IMPACT
Rumble CEO's decision to not sell his shares post lock-up expiration could indicate confidence in the company's future, potentially stabilizing CF Acquisition Corp's stock price.
The CEO's decision to hold onto his shares post lock-up expiration is often seen as a sign of confidence in the company's future prospects. This could potentially stabilize the stock price of CF Acquisition Corp in the short term as it reduces the risk of a large volume of shares being sold off at once.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100