Research Alliance Corporation III’s (NASDAQ:RACC) Quiet Period Set To End on June 29th

Research Alliance Corporation III’s (NASDAQ:RACC) quiet period will end on Monday, June 29th. Research Alliance Corporation III had issued 7,500,000 shares in its IPO on May 20th. The total size of the offering was $75,000,000 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 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 upgraded shares of Research Alliance Corporation III to a “hold” rating in a research note on Saturday, May 30th.

Research Alliance Corporation III Stock Performance

Research Alliance Corporation III stock opened at $10.49 on Monday. Research Alliance Corporation III has a 12 month low of $10.21 and a 12 month high of $11.10.