Irenic Acquisition Corp. Unit’s (NASDAQ:IACQU – Get Free Report) quiet period is set to expire on Monday, June 8th. Irenic Acquisition Corp. Unit had issued 22,000,000 shares in its public offering on April 28th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During Irenic Acquisition Corp. Unit’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.
View Our Latest Research Report on IACQU
Irenic Acquisition Corp. Unit Trading Down 0.0%
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