ADACU’s Quiet Period To Expire on January 27th (NASDAQ:ADACU)

ADACU’s (NASDAQ:ADACU) quiet period will expire on Tuesday, January 27th. ADACU had issued 20,000,000 shares in its IPO on December 18th. 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 underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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.

ADACU Stock Up 0.2%

Shares of ADACU opened at $10.02 on Tuesday. ADACU has a 52 week low of $9.95 and a 52 week high of $10.04.