Stellar Acquisition III’s (NASDAQ:STLRU) quiet period will end on Wednesday, September 28th. Stellar Acquisition III had issued 6,500,000 shares in its IPO on August 19th. The total size of the offering was $65,000,000 based on an initial share price of $10.00. During Stellar Acquisition III’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.
Shares of Stellar Acquisition III (NASDAQ:STLRU) opened at 9.9808 on Tuesday. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. The company’s market cap is $22.95 million.
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