Iron Dome Acquisition I Corp.’s (NASDAQ:IDACU) Quiet Period Will End on June 24th

Iron Dome Acquisition I’s (NASDAQ:IDACU) quiet period is set to end on Wednesday, June 24th. Iron Dome Acquisition I had issued 15,000,000 shares in its IPO on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Iron Dome Acquisition I’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised Iron Dome Acquisition I to a “hold” rating in a research report on Saturday, May 23rd.

Iron Dome Acquisition I Price Performance

IDACU opened at $10.04 on Wednesday. Iron Dome Acquisition I has a one year low of $9.98 and a one year high of $10.51.

About Iron Dome Acquisition I

Iron Dome Acquisition I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Like other blank-check companies, it does not operate a traditional commercial business itself and is focused on identifying and completing an initial transaction with a target company.

As a SPAC, Iron Dome Acquisition I’s activities are centered on capital raising, evaluating potential acquisition targets, and negotiating a business combination.