BEST SPAC I Acquisition Corp.’s Quiet Period Will End Tomorrow (NASDAQ:BSAAU)

BEST SPAC I Acquisition’s (NASDAQ:BSAAU) quiet period will end on Wednesday, July 23rd. BEST SPAC I Acquisition had issued 5,500,000 shares in its public offering on June 13th. The total size of the offering was $55,000,000 based on an initial share price of $10.00. During BEST SPAC I Acquisition’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded BEST SPAC I Acquisition to a “hold” rating in a report on Saturday, June 21st.

BEST SPAC I Acquisition Trading Up 0.2%

Shares of NASDAQ BSAAU opened at $10.07 on Tuesday. BEST SPAC I Acquisition has a 1 year low of $10.01 and a 1 year high of $10.12.

BEST SPAC I Acquisition Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.