Three Lions Acquisition Corp.’s (NASDAQ:TLACU) Quiet Period Set To Expire on October 12th

Three Lions Acquisition’s (NASDAQ:TLACU) quiet period is set to end on Monday, October 12th. Three Lions Acquisition had issued 10,000,000 shares in its IPO on September 1st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Three Lions Acquisition’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Three Lions Acquisition to a “hold” rating in a report on Saturday, September 12th.

Three Lions Acquisition Stock Performance

TLACU opened at $9.97 on Friday. Three Lions Acquisition has a 52-week low of $9.93 and a 52-week high of $10.18.

Three Lions Acquisition Company Profile

Three Lions Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TLACU. The company was formed to identify and complete a business combination with one or more operating businesses.

As a blank-check company, Three Lions Acquisition does not have significant operating products or services of its own. Its activities primarily involve seeking a merger, share exchange, asset acquisition, reorganization or similar transaction with a target company.

Specific information about the company’s target industry, geographic operations and leadership is limited.