Market Technology Acquisition’s (NASDAQ:MTAKU – Get Free Report) quiet period is set to expire on Wednesday, September 2nd. Market Technology Acquisition had issued 20,000,000 shares in its IPO on July 24th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During Market Technology Acquisition’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration 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 Market Technology Acquisition to a “hold” rating in a research report on Saturday, August 1st.
View Our Latest Analysis on MTAKU
Market Technology Acquisition Stock Down 0.2%
Market Technology Acquisition Company Profile
Market Technology Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Its securities traded under separate symbols for units, ordinary shares and warrants.
As a SPAC, Market Technology Acquisition Corp. did not have an established operating business, proprietary products or recurring commercial services before completing a business combination.
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