Alpha Capital Acquisition’s (OTCMKTS:ASPCU) Quiet Period Set To Expire on December 18th

Alpha Capital Acquisition’s (OTCMKTS:ASPCU) quiet period will end on Wednesday, December 18th. Alpha Capital Acquisition had issued 5,500,000 shares in its initial public offering on November 8th. The total size of the offering was $55,000,000 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 prevented 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.

Alpha Capital Acquisition Price Performance

Shares of ASPCU opened at $10.06 on Friday. The firm has a fifty day moving average price of $8.63 and a 200-day moving average price of $7.65. Alpha Capital Acquisition has a 12-month low of $9.98 and a 12-month high of $10.06.

About Alpha Capital Acquisition

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.