General Catalyst Global Resilience Merger Corp. Units’ Quiet Period Set To End on June 9th (NASDAQ:GCGRU)

General Catalyst Global Resilience Merger Corp. Units’ (NASDAQ:GCGRU) quiet period is set to expire on Tuesday, June 9th. General Catalyst Global Resilience Merger Corp. Units had issued 35,000,000 shares in its public offering on April 30th. The total size of the offering was $350,000,000 based on an initial share price of $10.00. During General Catalyst Global Resilience Merger Corp. Units’ quiet period, insiders and underwriters that worked on 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 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised General Catalyst Global Resilience Merger Corp. Units to a “hold” rating in a research note on Saturday, May 9th.

General Catalyst Global Resilience Merger Corp. Units Trading Down 0.2%

Shares of NASDAQ GCGRU opened at $10.23 on Tuesday. General Catalyst Global Resilience Merger Corp. Units has a 12 month low of $10.03 and a 12 month high of $10.25.