Terrapin 3 Acquisition Corp’s Quiet Period Will End on August 26th (NASDAQ:TRTLU)
Terrapin 3 Acquisition Corp’s (NASDAQ:TRTLU) quiet period will end on Tuesday, August 26th. Terrapin 3 Acquisition Corp had issued 18,500,000 shares in its initial public offering on July 17th, AR Network reports. The total size of the offering was $185,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of Terrapin 3 Acquisition Corp (NASDAQ:TRTLU) traded up 0.60% during mid-day trading on Thursday, hitting $10.06. The stock had a trading volume of 5,896 shares. Terrapin 3 Acquisition Corp has a 1-year low of $9.32 and a 1-year high of $10.14. The stock has a 50-day moving average of $10.04 and a 200-day moving average of $10.04.
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