Pensare Acquisition Corp’s (WRLSU) Quiet Period To Expire Tomorrow
Pensare Acquisition Corp’s (NASDAQ:WRLSU) quiet period will expire on Tuesday, September 5th. Pensare Acquisition Corp had issued 27,000,000 shares in its initial public offering on July 27th. The total size of the offering was $270,000,000 based on an initial share price of $10.00. During Pensare Acquisition Corp’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 regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of Pensare Acquisition Corp (NASDAQ:WRLSU) opened at 10.22 on Monday. Pensare Acquisition Corp has a 12 month low of $10.02 and a 12 month high of $10.22.
About Pensare Acquisition Corp
Pensare Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company intends to initially focus on identifying a business in the wireless telecommunications industry in the United States.
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