PAACU’s (NASDAQ:PAACU – Get Free Report) quiet period is set to end on Tuesday, March 24th. PAACU had issued 13,000,000 shares in its initial public offering on February 12th. The total size of the offering was $130,000,000 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 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, the brokerages that served as underwriters will likely initiate research coverage on the company.
PAACU Stock Down 0.3%
Shares of NASDAQ PAACU opened at $10.02 on Tuesday. PAACU has a 52-week low of $9.95 and a 52-week high of $10.05.
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