ARC Group Acquisition I’s (NASDAQ:ARCL – Get Free Report) quiet period is set to end on Tuesday, June 9th. ARC Group Acquisition I had issued 10,500,000 shares in its IPO on April 30th. The total size of the offering was $105,000,000 based on an initial share price of $10.00. During ARC Group Acquisition I’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
ARC Group Acquisition I Stock Down 0.9%
ARCL stock opened at $9.87 on Tuesday. ARC Group Acquisition I has a one year low of $9.85 and a one year high of $9.97.
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