Idea Acquisition Corp.’s (NASDAQ:IACOU) Quiet Period Set To End on March 23rd

Idea Acquisition’s (NASDAQ:IACOU) quiet period will expire on Monday, March 23rd. Idea Acquisition had issued 35,000,000 shares in its public offering on February 11th. The total size of the offering was $350,000,000 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 earnings forecasts or 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.

Idea Acquisition Trading Up 0.1%

NASDAQ:IACOU opened at $9.89 on Monday. Idea Acquisition has a 12 month low of $9.87 and a 12 month high of $9.99.

Idea Acquisition Company Profile

Idea Acquisition (NASDAQ: IACOU) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, whose units trade on the Nasdaq exchange under the ticker IACOU. As a SPAC, its principal business purpose is to raise capital through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The company’s publicly stated objective is to use the proceeds from its offering to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Like other SPACs, Idea Acquisition’s activities center on sourcing potential acquisition targets, conducting due diligence, structuring transaction terms and obtaining shareholder approval for a proposed business combination.