Rectitude Holdings, Ltd.’s Quiet Period Will Expire on July 31st (NASDAQ:RECT)

Rectitude’s (NASDAQ:RECT) quiet period will expire on Wednesday, July 31st. Rectitude had issued 2,000,000 shares in its public offering on June 21st. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During Rectitude’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Rectitude Stock Performance

RECT stock opened at $3.29 on Friday. Rectitude has a fifty-two week low of $3.01 and a fifty-two week high of $4.25.

About Rectitude

Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites.