Meridian3 Industrials Acquisition’s (NASDAQ:MIACU – Get Free Report) quiet period is set to end on Tuesday, August 11th. Meridian3 Industrials Acquisition had issued 17,500,000 shares in its initial public offering on July 2nd. The total size of the offering was $175,000,000 based on an initial share price of $10.00. During the company’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 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.
Meridian3 Industrials Acquisition Stock Down 0.2%
Shares of Meridian3 Industrials Acquisition stock opened at $9.98 on Thursday. Meridian3 Industrials Acquisition has a 1 year low of $9.91 and a 1 year high of $10.02.
Meridian3 Industrials Acquisition Company Profile
Meridian3 Industrials Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Companies like Meridian3 Industrials Acquisition are typically created to identify and combine with an operating business, rather than to conduct a traditional commercial business of their own.
As a blank-check company, Meridian3 Industrials Acquisition does not have a standalone product or service portfolio.
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