Alpha Capital Acquisition’s (OTCMKTS:ASPCU) Quiet Period Will Expire Tomorrow

Alpha Capital Acquisition’s (OTCMKTS:ASPCU) quiet period is set to end on Wednesday, December 18th. Alpha Capital Acquisition had issued 5,500,000 shares in its IPO on November 8th. The total size of the offering was $55,000,000 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 earnings forecasts or 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.

Alpha Capital Acquisition Price Performance

Shares of OTCMKTS ASPCU opened at $10.06 on Tuesday. Alpha Capital Acquisition has a 52 week low of $9.98 and a 52 week high of $10.06. The firm’s fifty day moving average is $8.69 and its 200 day moving average is $7.68.

About Alpha Capital Acquisition

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.