Futurewave Acquisition Corp’s (NASDAQ:FWACU) Quiet Period Set To End on August 4th

Futurewave Acquisition’s (NASDAQ:FWACU) quiet period will end on Tuesday, August 4th. Futurewave Acquisition had issued 7,500,000 shares in its IPO on June 25th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Futurewave Acquisition’s quiet period, insiders and any underwriters that worked on 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Futurewave Acquisition to a “hold” rating in a research note on Saturday, July 4th.

Futurewave Acquisition Price Performance

Shares of FWACU stock opened at $10.09 on Tuesday. Futurewave Acquisition has a 52 week low of $10.00 and a 52 week high of $10.15.

About Futurewave Acquisition

Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Companies like Futurewave Acquisition are typically created to help identify and combine with an operating business, rather than to run a traditional commercial operation themselves.

As a blank check company, Futurewave Acquisition does not provide a broad portfolio of products or services in the conventional sense.