Berto Acquisition Corp. II’s Quiet Period Will End on June 24th (NASDAQ:GUACU)

Berto Acquisition Corp. II’s (NASDAQ:GUACU) quiet period is set to end on Wednesday, June 24th. Berto Acquisition Corp. II had issued 27,400,000 shares in its IPO on May 15th. The total size of the offering was $274,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Berto Acquisition Corp. II to a “hold” rating in a research note on Saturday, May 23rd.

Berto Acquisition Corp. II Price Performance

Shares of NASDAQ:GUACU opened at $10.10 on Wednesday. Berto Acquisition Corp. II has a twelve month low of $9.98 and a twelve month high of $11.00.

About Berto Acquisition Corp. II

Berto Acquisition Corp. II is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a SPAC, the company does not operate a traditional commercial business of its own and is instead organized to identify and complete an initial acquisition.

Because Berto Acquisition Corp. II is focused on finding a suitable target company, public information about its products, services, and end markets is limited prior to any announced transaction.