FTAC Parnassus Acquisition Corp. Unit’s (NASDAQ:FTPAU) quiet period is set to end on Wednesday, April 21st. FTAC Parnassus Acquisition Corp. Unit had issued 22,000,000 shares in its initial public offering on March 12th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During FTAC Parnassus Acquisition Corp. Unit’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports 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.
Shares of NASDAQ FTPAU opened at $10.15 on Wednesday. FTAC Parnassus Acquisition Corp. Unit has a 12-month low of $9.78 and a 12-month high of $10.35.
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