Research Alliance Corporation IV’s Quiet Period Set To End Tomorrow (NASDAQ:RACD)

Research Alliance Corporation IV’s (NASDAQ:RACD) quiet period will expire on Monday, August 24th. Research Alliance Corporation IV had issued 7,500,000 shares in its IPO on July 13th. The total size of the offering was $75,000,000 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Research Alliance Corporation IV to a “hold” rating in a report on Saturday, July 18th.

Research Alliance Corporation IV Stock Performance

RACD opened at $12.00 on Friday. Research Alliance Corporation IV has a 52-week low of $10.00 and a 52-week high of $12.94.

About Research Alliance Corporation IV

Research Alliance Corporation IV is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Research Alliance Corporation IV is based in NEW YORK.