SVACU’s Quiet Period Set To End on October 14th (NASDAQ:SVACU)

SVACU’s (NASDAQ:SVACU) quiet period is set to end on Tuesday, October 14th. SVACU had issued 20,000,000 shares in its public offering on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports 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.

SVACU Trading Down 0.1%

SVACU stock opened at $10.39 on Thursday. SVACU has a 1-year low of $10.00 and a 1-year high of $10.52.

SVACU Company Profile

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