Vernal Capital Acquisition Corp.’s (NYSE:VECA) Quiet Period Set To Expire on June 15th

Vernal Capital Acquisition’s (NYSE:VECA) quiet period will expire on Monday, June 15th. Vernal Capital Acquisition had issued 10,000,000 shares in its IPO on May 6th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Vernal Capital Acquisition’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 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.

Vernal Capital Acquisition Price Performance

Shares of Vernal Capital Acquisition stock opened at $9.96 on Monday. Vernal Capital Acquisition has a 12 month low of $9.88 and a 12 month high of $10.10.