NorthStrive Acquisition Corp I.’s (NASDAQ:NSAI – Get Free Report) quiet period is set to expire on Monday, September 28th. NorthStrive Acquisition Corp I. had issued 10,000,000 shares in its IPO on August 18th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During NorthStrive Acquisition Corp I.’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
NorthStrive Acquisition Corp I. Stock Performance
NASDAQ:NSAI opened at $9.87 on Friday. NorthStrive Acquisition Corp I. has a 12 month low of $9.82 and a 12 month high of $9.88.
NorthStrive Acquisition Corp I. Company Profile
NorthStrive Acquisition Corp I (NASDAQ: NSAI) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, NorthStrive Acquisition Corp I does not currently offer products or services to customers. Its principal activities are evaluating potential acquisition targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed business combination.
The company has not publicly identified a completed acquisition or an operating business segment.
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