Spacsphere Acquisition Corp.’s (NASDAQ:SSACU) Quiet Period Set To End on March 18th

Spacsphere Acquisition’s (NASDAQ:SSACU) quiet period is set to end on Wednesday, March 18th. Spacsphere Acquisition had issued 15,000,000 shares in its public offering on February 6th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Spacsphere Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th.

Spacsphere Acquisition Stock Up 0.1%

SSACU stock opened at $10.10 on Friday. Spacsphere Acquisition has a twelve month low of $10.02 and a twelve month high of $10.15.

Spacsphere Acquisition Company Profile

Spacsphere Acquisition (NASDAQ: SSACU) is a special purpose acquisition company (SPAC) whose units trade on the Nasdaq under the ticker SSACU. As a blank‑check company, its primary purpose is to raise capital through public markets and use those proceeds to identify, acquire, or merge with one or more privately held businesses, thereby bringing a target company public through a business combination or reverse merger.

The company’s main activities center on deal sourcing and transaction execution: evaluating potential acquisition targets, negotiating terms of a business combination, and completing the legal and regulatory steps required to consummate a merger.