East West Ave Acquisition Corp.’s Quiet Period Set To End on September 9th (NASDAQ:EWAV)

East West Ave Acquisition’s (NASDAQ:EWAVGet Free Report) quiet period will end on Wednesday, September 9th. East West Ave Acquisition had issued 10,000,000 shares in its initial public offering on July 31st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded East West Ave Acquisition to a “hold” rating in a report on Monday, August 17th.

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East West Ave Acquisition Stock Performance

NASDAQ EWAV opened at $9.88 on Friday. East West Ave Acquisition has a one year low of $9.81 and a one year high of $9.90.

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