Silver Pegasus Acquisition Corp.’s Quiet Period To Expire Tomorrow (NASDAQ:SPEGU)

Silver Pegasus Acquisition’s (NASDAQ:SPEGU) quiet period is set to end on Monday, August 25th. Silver Pegasus Acquisition had issued 10,000,000 shares in its initial public offering on July 15th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Silver Pegasus Acquisition’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Silver Pegasus Acquisition to a “hold” rating in a report on Saturday, July 19th.

Silver Pegasus Acquisition Stock Performance

NASDAQ:SPEGU opened at $10.13 on Friday. Silver Pegasus Acquisition has a 1 year low of $10.02 and a 1 year high of $10.15.

Silver Pegasus Acquisition Company Profile

We are a blank check company incorporated on June 5, 2024 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.