TCGX Acquisition Corp.’s Quiet Period To Expire on September 14th (NASDAQ:TCGX)

TCGX Acquisition’s (NASDAQ:TCGX) quiet period is set to expire on Monday, September 14th. TCGX Acquisition had issued 7,500,000 shares in its initial public offering on August 5th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised TCGX Acquisition to a “hold” rating in a report on Saturday, August 15th.

TCGX Acquisition Trading Down 1.4%

Shares of TCGX Acquisition stock opened at $13.55 on Friday. TCGX Acquisition has a 1 year low of $10.30 and a 1 year high of $18.91.

TCGX Acquisition Company Profile

TCGX Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. TCGX Acquisition Corp. is based in PALO ALTO, Calif.