I-AM Capital Acquisition’s (NASDAQ:IAMXU) quiet period will expire on Tuesday, September 26th. I-AM Capital Acquisition had issued 5,000,000 shares in its public offering on August 17th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any 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.

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Shares of I-AM Capital Acquisition (NASDAQ:IAMXU) opened at 10.15 on Tuesday. I-AM Capital Acquisition has a 12 month low of $10.05 and a 12 month high of $10.19.

In other news, CEO F Jacob Cherian acquired 7,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $70,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

I-AM Capital Acquisition Company Profile

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