Paloma Acquisition Corp I’s (NASDAQ:PALOU) Quiet Period Set To Expire on March 31st

Paloma Acquisition Corp I’s (NASDAQ:PALOU) quiet period will expire on Tuesday, March 31st. Paloma Acquisition Corp I had issued 15,000,000 shares in its initial public offering on February 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Paloma Acquisition Corp I to a “hold” rating in a report on Monday, March 2nd.

Paloma Acquisition Corp I Trading Down 0.2%

PALOU stock opened at $9.97 on Tuesday. Paloma Acquisition Corp I has a 12 month low of $9.96 and a 12 month high of $10.01.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.