ADACU’s (NASDAQ:ADACU – Get Free Report) quiet period will expire on Tuesday, January 27th. ADACU had issued 20,000,000 shares in its public offering on December 18th. The total size of the offering was $200,000,000 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 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.
ADACU Stock Performance
Shares of NASDAQ ADACU opened at $10.00 on Monday. ADACU has a 52-week low of $9.95 and a 52-week high of $10.05.
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