SVF Investment Corp. 3’s (NASDAQ:SVFC) quiet period is set to end on Monday, April 19th. SVF Investment Corp. 3 had issued 28,000,000 shares in its public offering on March 9th. The total size of the offering was $280,000,000 based on an initial share price of $10.00. During SVF Investment Corp. 3’s quiet period, insiders and any underwriters involved in 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 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.
SVFC opened at $10.15 on Wednesday. SVF Investment Corp. 3 has a 1-year low of $9.82 and a 1-year high of $10.50.
In other news, CEO Ioannis Pipilis acquired 50,000 shares of SVF Investment Corp. 3 stock in a transaction dated Thursday, March 11th. The stock was bought at an average price of $10.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,000 shares in the company, valued at approximately $500,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Navneet Govil bought 62,500 shares of the firm’s stock in a transaction dated Thursday, March 11th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $625,000.00. Following the transaction, the chief financial officer now directly owns 62,500 shares of the company’s stock, valued at approximately $625,000. The disclosure for this purchase can be found here.
There is no company description available for SVF Investment Corp 3.
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