Gores Metropoulos’ Quiet Period To End on March 13th (OTCMKTS:GMHIU)

Gores Metropoulos’ (OTCMKTS:GMHIU) quiet period is set to end on Wednesday, March 13th. Gores Metropoulos had issued 37,500,000 shares in its public offering on February 1st. The total size of the offering was $375,000,000 based on an initial share price of $10.00. During Gores Metropoulos’ quiet period, underwriters and any insiders that worked on 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.

Gores Metropoulos stock opened at $10.23 on Wednesday. Gores Metropoulos has a 1 year low of $10.06 and a 1 year high of $10.30.

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About Gores Metropoulos

Gores Metropoulos, Inc is a blank check company. The company is based in Beverly Hills, California.

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