Mercator Acquisition’s (NASDAQ:MRCOU – Get Free Report) quiet period will end on Tuesday, August 18th. Mercator Acquisition had issued 15,000,000 shares in its IPO on July 9th. 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 any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.
Mercator Acquisition Stock Performance
Shares of MRCOU opened at $10.03 on Friday. Mercator Acquisition has a fifty-two week low of $10.01 and a fifty-two week high of $10.04.
About Mercator Acquisition
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