JATT III Acquisition Corp’s Quiet Period Will Expire Tomorrow (NASDAQ:JTTT)

JATT III Acquisition’s (NASDAQ:JTTT) quiet period will expire on Monday, October 5th. JATT III Acquisition had issued 6,000,000 shares in its public offering on August 26th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. During JATT III Acquisition’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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 JATT III Acquisition to a “hold” rating in a research note on Saturday, September 5th.

JATT III Acquisition Price Performance

JTTT opened at $10.65 on Friday. JATT III Acquisition has a 52-week low of $10.56 and a 52-week high of $11.95.

About JATT III Acquisition

JATT III Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and acquire, merge with, or otherwise combine with one or more businesses. The company does not operate a traditional business and does not manufacture products or provide ongoing commercial services.

As a blank-check company, JATT III Acquisition Corp. holds funds raised through its public offering while its management team searches for a suitable target. Any proposed transaction would be subject to negotiations, regulatory requirements, and approval by shareholders.

Publicly available information about the company’s target industry focus, geographic markets, operating history, and leadership is limited.