IB Acquisition Corp.’s (NASDAQ:IBACU) Quiet Period Set To Expire on May 6th

IB Acquisition’s (NASDAQ:IBACU) quiet period will end on Monday, May 6th. IB Acquisition had issued 10,000,000 shares in its public offering on March 26th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During IB Acquisition’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

IB Acquisition Trading Up 0.1 %

IBACU opened at $10.05 on Monday. IB Acquisition has a 52-week low of $9.97 and a 52-week high of $10.06.

Institutional Investors Weigh In On IB Acquisition

A hedge fund recently bought a new stake in IB Acquisition stock. Wealthspring Capital LLC purchased a new stake in shares of IB Acquisition Corp. (NASDAQ:IBACU) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 470,593 shares of the company’s stock, valued at approximately $4,711,000. IB Acquisition makes up approximately 5.6% of Wealthspring Capital LLC’s investment portfolio, making the stock its 5th biggest position.

IB Acquisition Company Profile

IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.