Black Spade Acquisition II’s (NASDAQ:BSIIU – Get Free Report) quiet period is set to expire on Monday, October 7th. Black Spade Acquisition II had issued 15,000,000 shares in its IPO on August 28th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Black Spade Acquisition II’s quiet period, underwriters and any insiders that worked on 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.
Black Spade Acquisition II Price Performance
Shares of BSIIU stock opened at $9.96 on Wednesday.
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