Snow Rothschild Acquisition Corp.’s Quiet Period Set To End Tomorrow (NASDAQ:ISNRU)

Snow Rothschild Acquisition’s (NASDAQ:ISNRU) quiet period will expire on Monday, July 20th. Snow Rothschild Acquisition had issued 20,000,000 shares in its initial public offering on June 9th. 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 that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Snow Rothschild Acquisition to a “hold” rating in a research report on Saturday, June 13th.

Snow Rothschild Acquisition Stock Performance

NASDAQ:ISNRU opened at $10.05 on Friday. Snow Rothschild Acquisition has a 12 month low of $9.99 and a 12 month high of $10.28.

About Snow Rothschild Acquisition

Snow Rothschild Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with one or more operating businesses. As a SPAC, the company does not operate a traditional commercial business of its own and instead focuses on identifying and completing an initial transaction with a target company.

The company’s stated objective is to seek acquisition opportunities across industries and geographies, though specific target sectors, operating regions, and business lines may change depending on the terms of its proposed transaction.