Three Lions Acquisition Corp.’s Quiet Period Set To Expire on October 12th (NASDAQ:TLAC)

Three Lions Acquisition’s (NASDAQ:TLAC) quiet period is set to expire on Monday, October 12th. Three Lions Acquisition had issued 10,000,000 shares in its IPO on September 1st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates 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.

Three Lions Acquisition Price Performance

Three Lions Acquisition stock opened at $9.83 on Friday. Three Lions Acquisition has a 1-year low of $9.83 and a 1-year high of $9.93.

Three Lions Acquisition Company Profile

Three Lions Acquisition Corp. (NASDAQ: TLAC) is a blank-check company, also known as a special purpose acquisition company (SPAC). It was formed to identify and complete a business combination with one or more operating companies through a merger, capital stock exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Three Lions Acquisition Corp. does not primarily sell products or provide services. Its activities are focused on evaluating potential acquisition targets, conducting due diligence and seeking shareholder approval for a proposed transaction.