Lake Superior Acquisition Corp’s (NASDAQ:LKSPU) Quiet Period Will Expire Tomorrow

Lake Superior Acquisition’s (NASDAQ:LKSPU) quiet period is set to expire on Monday, November 17th. Lake Superior Acquisition had issued 10,000,000 shares in its initial public offering on October 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Lake Superior Acquisition’s quiet period, underwriters and any insiders involved in 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Lake Superior Acquisition to a “hold” rating in a research report on Sunday, October 12th.

Lake Superior Acquisition Stock Down 0.4%

Shares of NASDAQ LKSPU opened at $10.11 on Friday. Lake Superior Acquisition has a 52-week low of $10.00 and a 52-week high of $10.33.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.