D. Boral Acquisition I Corp’s (NASDAQ:DBCAU) Quiet Period Will Expire on March 23rd

D. Boral Acquisition I’s (NASDAQ:DBCAU) quiet period will expire on Monday, March 23rd. D. Boral Acquisition I had issued 25,000,000 shares in its IPO on February 11th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded D. Boral Acquisition I to a “hold” rating in a report on Sunday, February 22nd.

D. Boral Acquisition I Trading Down 0.1%

NASDAQ:DBCAU opened at $10.01 on Wednesday. D. Boral Acquisition I has a 1-year low of $9.95 and a 1-year high of $10.50.

About D. Boral Acquisition I

D. Boral Acquisition I (NASDAQ: DBCAU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, organized to raise capital in a public offering and identify one or more business combinations with operating companies. It is listed on the NASDAQ under the ticker DBCAU and, like other SPACs, was formed to provide a faster, sponsor‑driven route for a private company to become publicly listed through a merger or other business combination.

The company’s principal activities are those typical of a SPAC: sourcing and evaluating potential acquisition targets, conducting financial and legal due diligence, negotiating terms for a business combination, and managing funds raised in its IPO trust account pending completion of a qualifying transaction.