Leader’s Advantage Acquisition’s (NASDAQ:LEDRU – Get Free Report) quiet period is set to expire on Wednesday, October 28th. Leader’s Advantage Acquisition had issued 15,000,000 shares in its initial public offering on September 18th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Leader’s Advantage Acquisition to a “hold” rating in a research note on Saturday, September 26th.
Read Our Latest Research Report on LEDRU
Leader’s Advantage Acquisition Price Performance
NASDAQ LEDRU opened at $9.96 on Friday. Leader’s Advantage Acquisition has a 12 month low of $9.94 and a 12 month high of $9.99.
About Leader’s Advantage Acquisition
Leader’s Advantage Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, Leader’s Advantage Acquisition Corp. does not appear to have established products, services, or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and completing a transaction that would result in a privately held business becoming publicly traded.
The company’s publicly available information does not provide sufficient detail to reliably describe a completed acquisition, ongoing operating business, or specific leadership history.
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