PAACU’s (NASDAQ:PAACU – Get Free Report) quiet period is set to expire on Tuesday, March 24th. PAACU had issued 13,000,000 shares in its initial public offering on February 12th. The total size of the offering was $130,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or 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.
PAACU Price Performance
PAACU stock opened at $10.02 on Tuesday. PAACU has a 52 week low of $9.95 and a 52 week high of $10.05.
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