Starry Sea Acquisition Corp’s Quiet Period Set To Expire on September 17th (NASDAQ:SSEAU)

Starry Sea Acquisition’s (NASDAQ:SSEAU) quiet period will expire on Wednesday, September 17th. Starry Sea Acquisition had issued 5,000,000 shares in its IPO on August 8th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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 Upgrades and Downgrades

Separately, Wall Street Zen raised Starry Sea Acquisition to a “hold” rating in a research note on Saturday, August 16th.

Starry Sea Acquisition Price Performance

Shares of Starry Sea Acquisition stock opened at $10.06 on Friday. Starry Sea Acquisition has a 12-month low of $10.03 and a 12-month high of $10.10.

Starry Sea Acquisition Company Profile

We are a newly incorporated blank check company formed in the Cayman Islands as an exempted company with limited liability. We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.