West Enclave Merger’s (NYSE:WENC – Get Free Report) quiet period is set to expire on Tuesday, June 9th. West Enclave Merger had issued 10,000,000 shares in its public offering on April 30th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of West Enclave Merger to a “hold” rating in a research report on Saturday, May 23rd.
Check Out Our Latest Stock Report on WENC
West Enclave Merger Stock Up 0.1%
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