RMG ML Sports Holdings’ Quiet Period Set To End Tomorrow (NASDAQ:SHOTU)

RMG ML Sports’ (NASDAQ:SHOTU) quiet period is set to expire on Monday, July 20th. RMG ML Sports had issued 20,000,000 shares in its IPO on June 10th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During RMG ML Sports’ 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 expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded RMG ML Sports to a “hold” rating in a report on Saturday, June 13th.

RMG ML Sports Price Performance

NASDAQ SHOTU opened at $9.99 on Friday. RMG ML Sports has a 12 month low of $9.87 and a 12 month high of $10.04.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.