InterPrivate II Acquisition’s (OTCMKTS:IPVAU) quiet period will expire on Wednesday, April 14th. InterPrivate II Acquisition had issued 22,500,000 shares in its IPO on March 5th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.
IPVAU opened at $10.10 on Wednesday.
InterPrivate II Acquisition Company Profile
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