Churchill Capital Corp. XIII’s Quiet Period Set To Expire on September 9th (NASDAQ:XIIIU)

Churchill Capital Corp. XIII’s (NASDAQ:XIIIU) quiet period is set to end on Wednesday, September 9th. Churchill Capital Corp. XIII had issued 36,000,000 shares in its IPO on July 31st. The total size of the offering was $360,000,000 based on an initial share price of $10.00. During Churchill Capital Corp. XIII’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Churchill Capital Corp. XIII to a “hold” rating in a research note on Saturday, August 15th.

Churchill Capital Corp. XIII Stock Up 0.3%

Shares of XIIIU stock opened at $10.56 on Friday. Churchill Capital Corp. XIII has a 52-week low of $10.30 and a 52-week high of $11.34.

About Churchill Capital Corp. XIII

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private companies. The company does not operate a conventional business or offer products and services to customers; its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.

Like other SPACs, Churchill Capital Corp. XIII may pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.