B&R Technology Merger Corp.’s Quiet Period Will End Tomorrow (NASDAQ:BRTMU)

B&R Technology Merger’s (NASDAQ:BRTMU) quiet period is set to end on Monday, August 31st. B&R Technology Merger had issued 32,500,000 shares in its initial public offering on July 21st. The total size of the offering was $325,000,000 based on an initial share price of $10.00. During B&R Technology Merger’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised B&R Technology Merger to a “hold” rating in a research report on Saturday, July 25th.

B&R Technology Merger Stock Performance

Shares of BRTMU stock opened at $9.97 on Friday. B&R Technology Merger has a twelve month low of $9.94 and a twelve month high of $10.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in B&R Technology Merger stock. Bank of New York Mellon Corp acquired a new stake in B&R Technology Merger Corp. (NASDAQ:BRTMU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 143,241 shares of the company’s stock, valued at approximately $2,495,000.

About B&R Technology Merger

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.