Leader’s Advantage Acquisition Corp.’s Quiet Period Set To Expire on October 14th (NASDAQ:LEDRU)

Leader’s Advantage Acquisition’s (NASDAQ:LEDRU) quiet period is set to end on Wednesday, October 14th. Leader’s Advantage Acquisition had issued 15,000,000 shares in its public offering on September 4th. 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, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Leader’s Advantage Acquisition to a “hold” rating in a report on Saturday, September 26th.

Leader’s Advantage Acquisition Price Performance

Leader’s Advantage Acquisition stock opened at $9.95 on Friday. Leader’s Advantage Acquisition has a 1-year low of $9.95 and a 1-year high of $9.99.

About Leader’s Advantage Acquisition

Leader’s Advantage Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, acquisition, stock purchase, reorganization or similar business combination.

As a SPAC, the company does not have significant operating activities, products or services of its own. Its primary activities involve raising capital through a public offering, placing funds into a trust account and evaluating potential acquisition targets.

The company’s securities trade on Nasdaq under the symbol LEDRU for its units.