CIIG Merger’s (OTCMKTS:CIICU) quiet period will expire on Wednesday, January 22nd. CIIG Merger had issued 22,500,000 shares in its public offering on December 13th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Shares of CIICU opened at $10.31 on Tuesday. CIIG Merger has a fifty-two week low of $10.02 and a fifty-two week high of $10.35.

About CIIG Merger

CIIG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2019 and is based in New York, New York.

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