Market Technology Acquisition Corp’s Quiet Period Set To End on September 2nd (NASDAQ:MTAKU)

Market Technology Acquisition’s (NASDAQ:MTAKU) quiet period will expire on Wednesday, September 2nd. Market Technology Acquisition had issued 20,000,000 shares in its initial public offering on July 24th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During Market Technology Acquisition’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Market Technology Acquisition to a “hold” rating in a report on Saturday, August 1st.

Market Technology Acquisition Trading Down 0.2%

Market Technology Acquisition stock opened at $9.96 on Friday. Market Technology Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.00.

About Market Technology Acquisition

Market Technology Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Its securities traded under separate symbols for units, ordinary shares and warrants.

As a SPAC, Market Technology Acquisition Corp. did not have an established operating business, proprietary products or recurring commercial services before completing a business combination.