EGH Acquisition Corp.’s Quiet Period Set To End Tomorrow (NASDAQ:EGHAU)

EGH Acquisition’s (NASDAQ:EGHAU) quiet period is set to expire on Wednesday, June 18th. EGH Acquisition had issued 15,000,000 shares in its initial public offering on May 9th. The total size of the offering was $150,000,000 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 research reports or earnings estimates 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of EGH Acquisition to a “hold” rating in a research report on Monday.

EGH Acquisition Stock Up 0.1%

NASDAQ EGHAU opened at $10.16 on Tuesday. EGH Acquisition has a one year low of $10.02 and a one year high of $10.19.

About EGH Acquisition

We are a blank check company newly incorporated on January 9, 2025 as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (our “initial business combination”).