Leader’s Advantage Acquisition Corp.’s Quiet Period Set To End Tomorrow (NASDAQ:LEDRU)

Leader’s Advantage Acquisition’s (NASDAQ:LEDRU) quiet period is set to end on Wednesday, October 14th. Leader’s Advantage Acquisition had issued 15,000,000 shares in its IPO on September 4th. The total size of the offering was $150,000,000 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 or earnings estimates for the company because of SEC regulations. 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Leader’s Advantage Acquisition to a “hold” rating in a report on Saturday, September 26th.

Leader’s Advantage Acquisition Price Performance

Shares of LEDRU stock opened at $9.94 on Tuesday. Leader’s Advantage Acquisition has a 12-month low of $9.94 and a 12-month high of $9.99.

About Leader’s Advantage Acquisition

Leader’s Advantage Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, acquisition, stock purchase, reorganization or similar business combination.

As a SPAC, the company does not have significant operating activities, products or services of its own. Its primary activities involve raising capital through a public offering, placing funds into a trust account and evaluating potential acquisition targets.

The company’s securities trade on Nasdaq under the symbol LEDRU for its units.