Rainier Acquisition’s (NASDAQ:RNAQ – Get Free Report) quiet period will end on Tuesday, October 6th. Rainier Acquisition had issued 7,500,000 shares in its public offering on August 27th. 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, insiders and 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, the brokerages that served as underwriters will likely initiate research coverage on the company.
Rainier Acquisition Trading Down 0.2%
Rainier Acquisition stock opened at $10.03 on Thursday. Rainier Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.50.
About Rainier Acquisition
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