SVACU’s (NASDAQ:SVACU) Quiet Period Set To End Tomorrow

SVACU’s (NASDAQ:SVACU) quiet period will end on Tuesday, October 14th. SVACU had issued 20,000,000 shares in its public offering on September 4th. 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 involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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.

SVACU Trading Down 0.1%

Shares of NASDAQ SVACU opened at $10.43 on Monday. SVACU has a fifty-two week low of $10.00 and a fifty-two week high of $10.52.

SVACU Company Profile

We are a recently incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination.