ARC Group Acquisition I Corp Unit’s Quiet Period Set To End on June 9th (NASDAQ:ARCLU)

ARC Group Acquisition I Corp Unit’s (NASDAQ:ARCLU) quiet period will end on Tuesday, June 9th. ARC Group Acquisition I Corp Unit had issued 10,500,000 shares in its public offering on April 30th. The total size of the offering was $105,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of ARC Group Acquisition I Corp Unit to a “hold” rating in a research report on Saturday, May 9th.

ARC Group Acquisition I Corp Unit Stock Performance

ARCLU stock opened at $10.22 on Tuesday. ARC Group Acquisition I Corp Unit has a 12 month low of $10.01 and a 12 month high of $10.22.