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 public offering on July 9th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Mercator Acquisition’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports 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.
Mercator Acquisition Stock Performance
Shares of NASDAQ MRCOU opened at $10.03 on Thursday. Mercator Acquisition has a 12-month low of $10.01 and a 12-month high of $10.04.
About Mercator Acquisition
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