Indigo Acquisition Corp.’s Quiet Period To End on August 11th (NASDAQ:INACU)

Indigo Acquisition’s (NASDAQ:INACU) quiet period will end on Monday, August 11th. Indigo Acquisition had issued 10,000,000 shares in its initial public offering on July 1st. The total size of the offering was $100,000,000 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 SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Indigo Acquisition to a “hold” rating in a report on Friday, July 18th.

Indigo Acquisition Price Performance

Shares of Indigo Acquisition stock opened at $10.09 on Friday. Indigo Acquisition has a twelve month low of $10.01 and a twelve month high of $10.19.

Indigo Acquisition Company Profile

We are a blank check company incorporated on June 7, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.