B&R Technology Merger Corp.’s Quiet Period To Expire on August 31st (NASDAQ:BRTMU)

B&R Technology Merger’s (NASDAQ:BRTMU) quiet period will end on Monday, August 31st. B&R Technology Merger had issued 32,500,000 shares in its public offering on July 21st. The total size of the offering was $325,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded B&R Technology Merger to a “hold” rating in a research report on Saturday, July 25th.

B&R Technology Merger Stock Down 0.1%

BRTMU stock opened at $9.97 on Friday. B&R Technology Merger has a 1 year low of $9.94 and a 1 year high of $10.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in B&R Technology Merger stock. Bank of New York Mellon Corp purchased a new stake in B&R Technology Merger Corp. (NASDAQ:BRTMU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 143,241 shares of the company’s stock, valued at approximately $2,495,000.

About B&R Technology Merger

We are a blank check company incorporated as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.