1347 Capital Corp’s Quiet Period Set To Expire on August 25th (NASDAQ:TFSCU)
1347 Capital Corp’s (NASDAQ:TFSCU) quiet period will expire on Monday, August 25th. 1347 Capital Corp had issued 4,000,000 shares in its initial public offering on July 16th, Analyst Ratings News reports. The total size of the offering was $40,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 1347 Capital Corp (NASDAQ:TFSCU) remained flat at $10.02 during during mid-day trading trading on Wednesday. 1347 Capital Corp has a 52 week low of $9.91 and a 52 week high of $10.52. The stock has a 50-day moving average of $10.02 and a 200-day moving average of $10.02.
1347 Capital Corp is a blank check company. The Company was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination.
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