Draper Oakwood Technolgy Acquisition’s (NASDAQ:DOTAU) quiet period will end on Wednesday, October 25th. Draper Oakwood Technolgy Acquisition had issued 5,000,000 shares in its IPO on September 15th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. During Draper Oakwood Technolgy Acquisition’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates 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 Draper Oakwood Technolgy Acquisition (NASDAQ:DOTAU) opened at 10.37 on Wednesday. Draper Oakwood Technolgy Acquisition has a 52-week low of $10.07 and a 52-week high of $10.68.

In related news, major shareholder Draper Oakwood Investments Llc acquired 18,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $180,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

About Draper Oakwood Technolgy Acquisition

Draper Oakwood Technology Acquisition, Inc is a blank check company. The Company is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

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