Paloma Acquisition Corp I’s (NASDAQ:PALOU) Quiet Period To End on March 31st

Paloma Acquisition Corp I’s (NASDAQ:PALOU) quiet period is set to end on Tuesday, March 31st. Paloma Acquisition Corp I had issued 15,000,000 shares in its IPO on February 19th. 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 involved in the IPO are restricted from issuing any earnings forecasts or research reports 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Paloma Acquisition Corp I to a “hold” rating in a research report on Monday, March 2nd.

Paloma Acquisition Corp I Trading Down 0.2%

Shares of PALOU stock opened at $9.97 on Tuesday. Paloma Acquisition Corp I has a 52-week low of $9.96 and a 52-week high of $10.01.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.