Quantumsphere Acquisition Corp’s Quiet Period Set To End on September 15th (NASDAQ:QUMSU)

Quantumsphere Acquisition’s (NASDAQ:QUMSU) quiet period will end on Monday, September 15th. Quantumsphere Acquisition had issued 7,200,000 shares in its IPO on August 6th. The total size of the offering was $72,000,000 based on an initial share price of $10.00. During Quantumsphere Acquisition’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end 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 Quantumsphere Acquisition to a “hold” rating in a research report on Monday, August 11th.

Quantumsphere Acquisition Price Performance

NASDAQ:QUMSU opened at $10.03 on Monday. Quantumsphere Acquisition has a 52-week low of $10.02 and a 52-week high of $10.10.

Quantumsphere Acquisition Company Profile

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability. We are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.