Agencia Comercial Spirits Ltd.’s (NASDAQ:AGCC) Quiet Period Will End on December 1st

Agencia Comercial Spirits’ (NASDAQ:AGCC) quiet period is set to expire on Monday, December 1st. Agencia Comercial Spirits had issued 1,750,000 shares in its public offering on October 22nd. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Agencia Comercial Spirits’ quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates 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 shares of Agencia Comercial Spirits to a “hold” rating in a research report on Saturday, November 1st.

Agencia Comercial Spirits Stock Down 4.4%

Shares of Agencia Comercial Spirits stock opened at $5.70 on Monday. Agencia Comercial Spirits has a 52-week low of $3.66 and a 52-week high of $8.25.

About Agencia Comercial Spirits

Agencia Comercial Spirits Ltd is an exempted company with limited liability incorporated under the laws of the Cayman Islands. As Agencia Comercial Spirits Ltd is a holding company with no material operations of its own, our operations are conducted through our indirect wholly owned operating subsidiary Agencia Comercial Co, Ltd (“Agencia Taiwan”) in Taiwan.