Silver Eagle Acquisition’s (OTCMKTS:EAGLU) quiet period is set to end on Wednesday, February 21st. Silver Eagle Acquisition had issued 30,000,000 shares in its initial public offering on January 12th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.
Silver Eagle Acquisition (OTCMKTS:EAGLU) opened at $10.00 on Wednesday. Silver Eagle Acquisition has a 52 week low of $9.56 and a 52 week high of $12.25. The stock has a market capitalization of $497.66 and a P/E ratio of -142.86.
Silver Eagle Acquisition Company Profile
Silver Eagle Acquisition Corp. is a United States-based blank check company. The Company’s management seeks to identify and combine with businesses in the media and entertainment industries s, although the Company may pursue business combination opportunities in other sectors. The Company was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination, one or more operating businesses or assets.
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