Locust Walk Acquisition Corp.’s Quiet Period Set To End on August 4th (OTCMKTS:LWACU)

Locust Walk Acquisition’s (OTCMKTS:LWACU) quiet period is set to end on Monday, August 4th. Locust Walk Acquisition had issued 18,750,000 shares in its IPO on June 25th. The total size of the offering was $187,500,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports 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.

Locust Walk Acquisition Stock Up 1.0%

LWACU opened at $10.17 on Friday. Locust Walk Acquisition has a twelve month low of $10.00 and a twelve month high of $10.17. The company has a 50-day simple moving average of $13.38 and a 200 day simple moving average of $15.94.

Locust Walk Acquisition Company Profile

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.