Yorkville Acquisition Corp.’s Quiet Period Set To Expire on August 6th (NASDAQ:YORKU)

Yorkville Acquisition’s (NASDAQ:YORKU) quiet period will end on Wednesday, August 6th. Yorkville Acquisition had issued 15,000,000 shares in its initial public offering on June 27th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Yorkville Acquisition’s quiet period, insiders and any underwriters that worked on 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Yorkville Acquisition to a “hold” rating in a research report on Sunday, July 6th.

Yorkville Acquisition Stock Down 2.0%

Shares of NASDAQ:YORKU opened at $10.99 on Wednesday. Yorkville Acquisition has a 1 year low of $10.45 and a 1 year high of $11.50.

Institutional Trading of Yorkville Acquisition

An institutional investor recently bought a new position in Yorkville Acquisition stock. Tuttle Capital Management LLC acquired a new stake in Yorkville Acquisition Corp. (NASDAQ:YORKU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $338,000.

About Yorkville Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company with limited liability and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving one or more businesses, which we refer to throughout this prospectus as our initial business combination.