TCGX Acquisition Corp.’s (NASDAQ:TCGX) Quiet Period To Expire on September 14th

TCGX Acquisition’s (NASDAQ:TCGX) quiet period is set to end on Monday, September 14th. TCGX Acquisition had issued 7,500,000 shares in its public offering on August 5th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During TCGX Acquisition’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded TCGX Acquisition to a “hold” rating in a research note on Saturday, August 15th.

TCGX Acquisition Trading Down 2.8%

TCGX Acquisition stock opened at $13.65 on Wednesday. TCGX Acquisition has a 52 week low of $10.30 and a 52 week high of $18.91.

About TCGX Acquisition

TCGX Acquisition Corp. is a blank check company. It 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. TCGX Acquisition Corp. is based in PALO ALTO, Calif.