ClearThink 1 Acquisition Corp’s Quiet Period Set To End on April 6th (NASDAQ:CTAAU)

ClearThink 1 Acquisition’s (NASDAQ:CTAAU) quiet period will expire on Monday, April 6th. ClearThink 1 Acquisition had issued 12,500,000 shares in its initial public offering on February 24th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. During ClearThink 1 Acquisition’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of ClearThink 1 Acquisition to a “hold” rating in a research report on Saturday, March 14th.

ClearThink 1 Acquisition Trading Down 0.2%

NASDAQ CTAAU opened at $9.98 on Monday. ClearThink 1 Acquisition has a 1 year low of $9.94 and a 1 year high of $10.06.

About ClearThink 1 Acquisition

ClearThink 1 Acquisition (NASDAQ: CTAAU) is a publicly listed special purpose acquisition company (SPAC) that raised capital through an initial public offering for the primary purpose of effecting a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. As a blank‑check vehicle, its principal business activity is to identify and complete a transaction that will bring a private operating company public through a business combination rather than through a traditional IPO process.

Like most SPACs, ClearThink 1 Acquisition issued units that typically include shares and warrants and holds proceeds from its IPO in a trust account pending the completion of a qualifying business combination.