FinServ Acquisition’s (OTCMKTS:FSRVU) quiet period will expire on Wednesday, December 11th. FinServ Acquisition had issued 22,000,000 shares in its public offering on November 1st. The total size of the offering was $220,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
FSRVU stock traded up $0.02 during midday trading on Tuesday, hitting $10.12. The stock had a trading volume of 32,716 shares.
About FinServ Acquisition
Finserv Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2019 and is based in New York, New York.
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