GCDT’s Quiet Period Set To End Tomorrow (NYSEAMERICAN:GCDT)

GCDT’s (NYSEAMERICAN:GCDT) quiet period will end on Monday, February 23rd. GCDT had issued 2,500,000 shares in its initial public offering on January 13th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During GCDT’s quiet period, insiders and 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 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.

GCDT Price Performance

Shares of GCDT opened at $3.51 on Friday. GCDT has a 52-week low of $3.15 and a 52-week high of $5.85.

About GCDT

Green Circle Decarbonize Technology Limited is a holding company operating through its subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. Green Circle Decarbonize Technology Limited is based in Hong Kong.