Oyster Enterprises II Acquisition Corp’s Quiet Period Set To End on July 1st (NASDAQ:OYSEU)

Oyster Enterprises II Acquisition’s (NASDAQ:OYSEU) quiet period will end on Tuesday, July 1st. Oyster Enterprises II Acquisition had issued 22,000,000 shares in its initial public offering on May 22nd. The total size of the offering was $220,000,000 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 earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Oyster Enterprises II Acquisition to a “hold” rating in a research note on Friday, June 6th.

Oyster Enterprises II Acquisition Trading Down 0.1%

OYSEU opened at $10.10 on Thursday. Oyster Enterprises II Acquisition has a 1 year low of $10.00 and a 1 year high of $10.13.

About Oyster Enterprises II Acquisition

We are a blank check company incorporated on October 9, 2024, as a Cayman Islands exempted company and formed 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.