Black Spade Acquisition II’s (NASDAQ:BSIIU – Get Free Report) quiet period is set to expire on Monday, October 7th. Black Spade Acquisition II had issued 15,000,000 shares in its initial public offering on August 28th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Black Spade Acquisition II’s quiet period, insiders and any 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Black Spade Acquisition II Price Performance
Shares of NASDAQ BSIIU opened at $9.96 on Wednesday.
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