OceanLight Acquisition’s (NASDAQ:OCLT – Get Free Report) quiet period will end on Wednesday, September 16th. OceanLight Acquisition had issued 10,000,000 shares in its initial public offering on August 7th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
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