Lake Superior Acquisition Corp’s (NASDAQ:LKSPU) Quiet Period Set To End on November 17th

Lake Superior Acquisition’s (NASDAQ:LKSPU) quiet period is set to expire on Monday, November 17th. Lake Superior Acquisition had issued 10,000,000 shares in its public offering on October 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Lake Superior Acquisition to a “hold” rating in a report on Sunday, October 12th.

Lake Superior Acquisition Stock Performance

NASDAQ:LKSPU opened at $10.15 on Monday. Lake Superior Acquisition has a twelve month low of $10.00 and a twelve month high of $10.26.

Lake Superior Acquisition Company Profile

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect 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.