MLAAU’s (NASDAQ:MLAAU – Get Free Report) quiet period is set to expire on Monday, March 9th. MLAAU had issued 31,320,000 shares in its initial public offering on January 27th. The total size of the offering was $313,200,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports 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.
MLAAU Stock Performance
Shares of MLAAU stock opened at $9.95 on Monday. MLAAU has a 12-month low of $9.93 and a 12-month high of $10.02.
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