ARC Group Securities Acquisition I’s (NASDAQ:FJDIU) Quiet Period Set To End on September 14th

ARC Group Securities Acquisition I’s (NASDAQ:FJDIU) quiet period will expire on Monday, September 14th. ARC Group Securities Acquisition I had issued 10,500,000 shares in its initial public offering on August 4th. The total size of the offering was $105,000,000 based on an initial share price of $10.00. During ARC Group Securities Acquisition I’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of ARC Group Securities Acquisition I to a “hold” rating in a research report on Saturday, August 15th.

ARC Group Securities Acquisition I Stock Performance

NASDAQ FJDIU opened at $9.98 on Friday. ARC Group Securities Acquisition I has a fifty-two week low of $9.95 and a fifty-two week high of $10.00.

About ARC Group Securities Acquisition I

ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol FJDIU. Its principal activities are evaluating potential acquisition targets, negotiating transaction terms and seeking shareholder approval for a proposed business combination.