GCDT’s Quiet Period Will Expire on February 23rd (NYSEAMERICAN:GCDT)

GCDT’s (NYSEAMERICAN:GCDT) quiet period is set to expire on Monday, February 23rd. GCDT had issued 2,500,000 shares in its public offering on January 13th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

GCDT Stock Down 12.7%

GCDT opened at $3.23 on Monday. GCDT has a fifty-two week low of $3.15 and a fifty-two week high of $5.85.

GCDT Company Profile

Green Circle Decarbonize Technology Limited is a holding company operating through its subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. Green Circle Decarbonize Technology Limited is based in Hong Kong.