FinServ Acquisition Corp.’s Quiet Period Set To End Tomorrow (OTCMKTS:FSRVU)

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FinServ Acquisition’s (OTCMKTS:FSRVU) quiet period will expire on Wednesday, December 11th. FinServ Acquisition had issued 22,000,000 shares in its public offering on November 1st. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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.

FSRVU traded up $0.02 during trading hours on Tuesday, hitting $10.12. The stock had a trading volume of 32,716 shares.

FinServ Acquisition Company Profile

Finserv Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2019 and is based in New York, New York.

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