Picocela Inc.’s Quiet Period Set To End on February 25th (NASDAQ:PCLA)

Picocela’s (NASDAQ:PCLA) quiet period will expire on Tuesday, February 25th. Picocela had issued 1,750,000 shares in its public offering on January 16th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented 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.

Picocela Stock Performance

Shares of PCLA opened at $8.60 on Friday. Picocela has a fifty-two week low of $2.21 and a fifty-two week high of $9.80.

About Picocela

We are engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. We derive our revenues mainly from two sources: (1) sales of product equipment, and (2) SaaS, maintenance and others. Under the first revenue source, we develop mesh Wi-Fi access point devices, PCWL series, adopting our proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (“PBE”), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling.