Stars Acquisition Corp’s (ATACU) Quiet Period Set To End on September 18th
Stars Acquisition Corp’s (NASDAQ:ATACU) quiet period will end on Monday, September 18th. Stars Acquisition Corp had issued 4,000,000 shares in its public offering on August 9th. 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, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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.
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Shares of Stars Acquisition Corp (NASDAQ ATACU) opened at 10.12 on Monday. The firm’s market cap is $53.84 million. Stars Acquisition Corp has a 1-year low of $10.11 and a 1-year high of $10.15.
In other news, Director Wai Fun Cheng acquired 19,125 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $10.00 per share, with a total value of $191,250.00. Following the completion of the acquisition, the director now owns 274,875 shares in the company, valued at approximately $2,748,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Stars Acquisition Corp Company Profile
Atlantic Acquisition Corp., formerly Stars Acquisition Corp., is a blank check company. The Company is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more businesses or entities (target business).
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