Keystone Acquisition Corp.’s Quiet Period Will End on July 13th (NASDAQ:KEYYU)

Keystone Acquisition’s (NASDAQ:KEYYU) quiet period will end on Monday, July 13th. Keystone Acquisition had issued 25,000,000 shares in its public offering on June 3rd. The total size of the offering was $250,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders 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 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 Keystone Acquisition to a “hold” rating in a research note on Saturday, June 6th.

Keystone Acquisition Price Performance

Shares of NASDAQ KEYYU opened at $10.11 on Monday. Keystone Acquisition has a 1 year low of $10.00 and a 1 year high of $10.47.