Oceanhawk Acquisition Corp.’s Quiet Period To Expire on June 30th (NASDAQ:OHACU)

Oceanhawk Acquisition’s (NASDAQ:OHACU) quiet period is set to end on Tuesday, June 30th. Oceanhawk Acquisition had issued 16,000,000 shares in its public offering on May 21st. The total size of the offering was $160,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Oceanhawk Acquisition to a “hold” rating in a report on Saturday, May 30th.

Oceanhawk Acquisition Price Performance

NASDAQ:OHACU opened at $10.16 on Tuesday. Oceanhawk Acquisition has a 12 month low of $10.00 and a 12 month high of $10.17.

About Oceanhawk Acquisition

Oceanhawk Acquisition is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing an initial business combination.

The company was created to identify and combine with a target business, but publicly available information about a specific operating focus, products, services, or geographic market is limited.