Market Technology Acquisition Corp’s (NASDAQ:MTAKU) Quiet Period To End on September 2nd

Market Technology Acquisition’s (NASDAQ:MTAKU) quiet period is set to expire on Wednesday, September 2nd. Market Technology Acquisition had issued 20,000,000 shares in its IPO on July 24th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During Market Technology Acquisition’s quiet period, underwriters and any insiders that worked on the IPO are restricted 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Market Technology Acquisition to a “hold” rating in a research note on Saturday, August 1st.

Market Technology Acquisition Trading Up 0.4%

Shares of NASDAQ MTAKU opened at $10.00 on Friday. Market Technology Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.00.

Market Technology Acquisition Company Profile

Market Technology Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Its securities traded under separate symbols for units, ordinary shares and warrants.

As a SPAC, Market Technology Acquisition Corp. did not have an established operating business, proprietary products or recurring commercial services before completing a business combination.