SAAQU’s (NASDAQ:SAAQU – Get Free Report) quiet period is set to expire on Monday, March 9th. SAAQU had issued 20,000,000 shares in its IPO on January 28th. The total size of the offering was $200,000,000 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 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.
SAAQU Price Performance
Shares of SAAQU stock opened at $10.15 on Wednesday. SAAQU has a 12 month low of $10.10 and a 12 month high of $10.28.
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