GP-Act III Acquisition Corp.’s (NASDAQ:GPATU) Quiet Period To Expire Tomorrow

GP-Act III Acquisition’s (NASDAQ:GPATU) quiet period is set to end on Tuesday, June 18th. GP-Act III Acquisition had issued 25,000,000 shares in its IPO on May 9th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted 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.

GP-Act III Acquisition Stock Performance

NASDAQ GPATU opened at $10.04 on Monday. GP-Act III Acquisition has a 52 week low of $10.04 and a 52 week high of $10.09.

About GP-Act III Acquisition

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp.