B&R Technology Merger Corp.’s (NASDAQ:BRTMU) Quiet Period Will End on August 31st

B&R Technology Merger’s (NASDAQ:BRTMU) quiet period will end on Monday, August 31st. B&R Technology Merger had issued 32,500,000 shares in its initial public offering on July 21st. The total size of the offering was $325,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised B&R Technology Merger to a “hold” rating in a research note on Saturday, July 25th.

B&R Technology Merger Price Performance

NASDAQ:BRTMU opened at $9.96 on Wednesday. B&R Technology Merger has a 1 year low of $9.94 and a 1 year high of $10.00.

Hedge Funds Weigh In On B&R Technology Merger

An institutional investor recently bought a new stake in B&R Technology Merger stock. Bank of New York Mellon Corp bought a new stake in shares of B&R Technology Merger Corp. (NASDAQ:BRTMU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 143,241 shares of the company’s stock, valued at approximately $2,495,000.

About B&R Technology Merger

We are a blank check company incorporated as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.