Research Alliance Corporation IV’s Quiet Period Set To End on August 24th (NASDAQ:RACD)

Research Alliance Corporation IV’s (NASDAQ:RACD) quiet period will end on Monday, August 24th. Research Alliance Corporation IV had issued 7,500,000 shares in its IPO on July 13th. 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 any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Research Alliance Corporation IV to a “hold” rating in a research note on Saturday, July 18th.

Research Alliance Corporation IV Trading Down 0.2%

Shares of Research Alliance Corporation IV stock opened at $11.99 on Friday. Research Alliance Corporation IV has a 1 year low of $10.00 and a 1 year high of $12.25.

About Research Alliance Corporation IV

Research Alliance Corporation IV is a blank check company. It formed 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. Research Alliance Corporation IV is based in NEW YORK.