Starboard Value Acquisition Corp.’s Quiet Period Set To End on October 14th (OTCMKTS:SVACU)

Starboard Value Acquisition’s (OTCMKTS:SVACU) quiet period will end on Tuesday, October 14th. Starboard Value Acquisition had issued 20,000,000 shares in its initial public offering on September 4th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During Starboard Value Acquisition’s quiet period, insiders and 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 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.

Starboard Value Acquisition Price Performance

Starboard Value Acquisition stock opened at $10.43 on Friday. The company’s 50 day simple moving average is $10.05 and its 200-day simple moving average is $9.95. Starboard Value Acquisition has a 1 year low of $10.00 and a 1 year high of $10.52.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.