Shepherd Ave Capital Acquisition Co. Unit’s (NASDAQ:SPHAU – Get Free Report) quiet period will end on Tuesday, January 14th. Shepherd Ave Capital Acquisition Co. Unit had issued 7,500,000 shares in its public offering on December 5th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Shepherd Ave Capital Acquisition Co. Unit’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 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.
Shepherd Ave Capital Acquisition Co. Unit Stock Performance
Shares of SPHAU stock opened at $10.06 on Monday. Shepherd Ave Capital Acquisition Co. Unit has a 52 week low of $9.99 and a 52 week high of $10.07.
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