Futurewave Acquisition Corp’s (NASDAQ:FWACU) Quiet Period Will Expire on August 4th

Futurewave Acquisition’s (NASDAQ:FWACU) quiet period will expire on Tuesday, August 4th. Futurewave Acquisition had issued 7,500,000 shares in its public offering on June 25th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Futurewave Acquisition to a “hold” rating in a research note on Saturday, July 4th.

Futurewave Acquisition Stock Performance

NASDAQ FWACU opened at $10.09 on Tuesday. Futurewave Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.15.

About Futurewave Acquisition

Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Companies like Futurewave Acquisition are typically created to help identify and combine with an operating business, rather than to run a traditional commercial operation themselves.

As a blank check company, Futurewave Acquisition does not provide a broad portfolio of products or services in the conventional sense.