BEST SPAC I Acquisition Corp.’s (NASDAQ:BSAAU) Quiet Period To Expire on July 23rd

BEST SPAC I Acquisition’s (NASDAQ:BSAAU) quiet period will expire on Wednesday, July 23rd. BEST SPAC I Acquisition had issued 5,500,000 shares in its IPO on June 13th. The total size of the offering was $55,000,000 based on an initial share price of $10.00. During BEST SPAC I Acquisition’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised BEST SPAC I Acquisition to a “hold” rating in a research report on Saturday, June 21st.

BEST SPAC I Acquisition Price Performance

Shares of NASDAQ BSAAU opened at $10.06 on Wednesday. BEST SPAC I Acquisition has a one year low of $10.01 and a one year high of $10.12.

About BEST SPAC I Acquisition

We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, 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.