BEST SPAC I Acquisition’s (NASDAQ:BSAAU – Get Free Report) quiet period is set to expire on Wednesday, July 23rd. BEST SPAC I Acquisition had issued 5,500,000 shares in its public offering on June 13th. The total size of the offering was $55,000,000 based on an initial share price of $10.00. During BEST SPAC I Acquisition’s quiet period, insiders and any 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 end 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded BEST SPAC I Acquisition to a “hold” rating in a research note on Saturday, June 21st.
Check Out Our Latest Stock Report on BSAAU
BEST SPAC I Acquisition Stock Performance
About BEST SPAC I Acquisition
We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.
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