Freedom Metals Acquisition’s (NASDAQ:FDMM – Get Free Report) quiet period is set to expire on Monday, August 17th. Freedom Metals Acquisition had issued 27,500,000 shares in its IPO on July 8th. The total size of the offering was $275,000,000 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.
Freedom Metals Acquisition Stock Performance
Shares of NASDAQ FDMM opened at $9.83 on Wednesday. Freedom Metals Acquisition has a 52 week low of $9.78 and a 52 week high of $9.85.
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