JAB Acquisition Corp I’s (NASDAQ:JABRU – Get Free Report) quiet period will expire on Monday, July 20th. JAB Acquisition Corp I had issued 15,000,000 shares in its IPO on June 10th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s 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 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.
JAB Acquisition Corp I Price Performance
JAB Acquisition Corp I stock opened at $10.08 on Monday. JAB Acquisition Corp I has a 1-year low of $9.99 and a 1-year high of $10.08.
JAB Acquisition Corp I Company Profile
JAB Acquisition Corp I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with one or more businesses. As a blank check company, it does not operate a traditional commercial business of its own but is instead structured to raise capital and identify an acquisition target.
The company was organized to seek opportunities in industries and geographies that align with its management team’s experience and investment strategy.
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