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2023-03-20 13:23
Mars Acquisition's (NASDAQ:MARXU – Get Rating) quiet period is set to expire on Monday, March 27th. Mars Acquisition had issued 6,000,000 shares in its initial public offering on February 14th. The total size of the offering was $60,000,000 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 earnings forecasts or research reports 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.
Shares of NASDAQ MARXU opened at $10.36 on Monday. Mars Acquisition has a 12-month low of $10.16 and a 12-month high of $10.43.
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