IB Acquisition Corp.’s (NASDAQ:IBACU) Quiet Period Will Expire on May 6th

IB Acquisition’s (NASDAQ:IBACU) quiet period is set to end on Monday, May 6th. IB Acquisition had issued 10,000,000 shares in its IPO on March 26th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During IB Acquisition’s quiet period, underwriters and any insiders that worked on the IPO are prevented 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

IB Acquisition Price Performance

IBACU stock opened at $10.05 on Wednesday. IB Acquisition has a 12 month low of $9.97 and a 12 month high of $10.06.

Hedge Funds Weigh In On IB Acquisition

A hedge fund recently bought a new stake in IB Acquisition stock. Deltec Asset Management LLC bought a new stake in IB Acquisition Corp. (NASDAQ:IBACU) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company’s stock, valued at approximately $1,001,000.

About IB Acquisition

IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.