Leader’s Advantage Acquisition Corp.’s (NASDAQ:LEDRU) Quiet Period To End on October 14th

Leader’s Advantage Acquisition’s (NASDAQ:LEDRU) quiet period will end on Wednesday, October 14th. Leader’s Advantage Acquisition had issued 15,000,000 shares in its initial public offering on September 4th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Leader’s Advantage Acquisition’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 upgraded shares of Leader’s Advantage Acquisition to a “hold” rating in a research report on Saturday, September 26th.

Leader’s Advantage Acquisition Stock Performance

LEDRU stock opened at $9.95 on Friday. Leader’s Advantage Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $9.99.

About Leader’s Advantage Acquisition

Leader’s Advantage Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, acquisition, stock purchase, reorganization or similar business combination.

As a SPAC, the company does not have significant operating activities, products or services of its own. Its primary activities involve raising capital through a public offering, placing funds into a trust account and evaluating potential acquisition targets.

The company’s securities trade on Nasdaq under the symbol LEDRU for its units.