Duddell Street Acquisition Corp.’s Quiet Period Set To End Tomorrow (OTCMKTS:DSACU)

Duddell Street Acquisition’s (OTCMKTS:DSACU) quiet period will end on Monday, January 19th. Duddell Street Acquisition had issued 22,500,000 shares in its initial public offering on December 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. During Duddell Street Acquisition’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

Duddell Street Acquisition Stock Performance

Shares of OTCMKTS DSACU opened at $10.04 on Friday. Duddell Street Acquisition has a 1-year low of $10.03 and a 1-year high of $10.10. The stock’s 50-day moving average is $9.64 and its two-hundred day moving average is $9.28.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.

The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.