Leader’s Advantage Acquisition Corp.’s Quiet Period To End Tomorrow (NASDAQ:LEDRU)

Leader’s Advantage Acquisition’s (NASDAQ:LEDRU) quiet period is set to expire on Wednesday, October 28th. Leader’s Advantage Acquisition had issued 15,000,000 shares in its IPO on September 18th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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 upgraded Leader’s Advantage Acquisition to a “hold” rating in a research note on Saturday, September 26th.

Leader’s Advantage Acquisition Stock Performance

Shares of NASDAQ:LEDRU opened at $9.96 on Tuesday. Leader’s Advantage Acquisition has a 12 month low of $9.94 and a 12 month high of $9.99.

Leader’s Advantage Acquisition Company Profile

Leader’s Advantage Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, Leader’s Advantage Acquisition Corp. does not appear to have established products, services, or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and completing a transaction that would result in a privately held business becoming publicly traded.

The company’s publicly available information does not provide sufficient detail to reliably describe a completed acquisition, ongoing operating business, or specific leadership history.