Agencia Comercial Spirits Ltd.’s (NASDAQ:AGCC) Quiet Period Will Expire on December 1st

Agencia Comercial Spirits’ (NASDAQ:AGCC) quiet period will expire on Monday, December 1st. Agencia Comercial Spirits had issued 1,750,000 shares in its initial public offering on October 22nd. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Agencia Comercial Spirits’ quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Agencia Comercial Spirits to a “hold” rating in a report on Saturday, November 1st.

Agencia Comercial Spirits Trading Up 2.4%

Shares of AGCC opened at $7.17 on Friday. Agencia Comercial Spirits has a one year low of $3.66 and a one year high of $8.25.

About Agencia Comercial Spirits

Agencia Comercial Spirits Ltd is an exempted company with limited liability incorporated under the laws of the Cayman Islands. As Agencia Comercial Spirits Ltd is a holding company with no material operations of its own, our operations are conducted through our indirect wholly owned operating subsidiary Agencia Comercial Co, Ltd (“Agencia Taiwan”) in Taiwan.