Rainier Acquisition’s (NASDAQ:RNAQ – Get Free Report) quiet period will expire on Tuesday, October 6th. Rainier Acquisition had issued 7,500,000 shares in its initial public offering on August 27th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Rainier Acquisition’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Rainier Acquisition Price Performance
Shares of NASDAQ:RNAQ opened at $10.05 on Monday. Rainier Acquisition has a 12-month low of $10.00 and a 12-month high of $10.50.
About Rainier Acquisition
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