ARC Group Securities Acquisition I’s (NASDAQ:FJDIU) Quiet Period Will End on September 14th

ARC Group Securities Acquisition I’s (NASDAQ:FJDIU) quiet period is set to expire on Monday, September 14th. ARC Group Securities Acquisition I had issued 10,500,000 shares in its public offering on August 4th. The total size of the offering was $105,000,000 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 research reports 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ARC Group Securities Acquisition I to a “hold” rating in a research report on Saturday, August 15th.

ARC Group Securities Acquisition I Stock Performance

Shares of FJDIU stock opened at $9.99 on Wednesday. ARC Group Securities Acquisition I has a twelve month low of $9.95 and a twelve month high of $10.00.

About ARC Group Securities Acquisition I

ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol FJDIU. Its principal activities are evaluating potential acquisition targets, negotiating transaction terms and seeking shareholder approval for a proposed business combination.