Duddell Street Acquisition Corp.’s (OTCMKTS:DSACU) Quiet Period Will End on January 19th

Duddell Street Acquisition’s (OTCMKTS:DSACU) quiet period is set to end on Monday, January 19th. Duddell Street Acquisition had issued 22,500,000 shares in its initial public offering on December 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. During Duddell Street Acquisition’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Duddell Street Acquisition Trading Up 0.1%

Shares of Duddell Street Acquisition stock opened at $10.06 on Monday. The business’s 50 day moving average is $9.54 and its 200-day moving average is $9.24. Duddell Street Acquisition has a 12-month low of $10.03 and a 12-month high of $10.10.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.

The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.