RMG ML Sports’ (NASDAQ:SHOTU – Get Free Report) quiet period will end on Monday, July 20th. RMG ML Sports had issued 20,000,000 shares in its initial public offering on June 10th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During RMG ML Sports’ 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.
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RMG ML Sports Stock Performance
About RMG ML Sports
We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.
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