PONO Capital’s (NASDAQ:PONOU) quiet period will expire on Monday, September 20th. PONO Capital had issued 10,000,000 shares in its public offering on August 11th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on 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, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of PONOU stock opened at $10.10 on Wednesday. PONO Capital has a twelve month low of $9.96 and a twelve month high of $10.17.
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