“Pure Acquisition Corp.”‘s (OTCMKTS:PACQU) quiet period is set to expire on Wednesday, May 23rd. “Pure Acquisition Corp.” had issued 36,000,000 shares in its IPO on April 13th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.
Shares of “Pure Acquisition Corp.” stock opened at $10.15 on Friday. “Pure Acquisition Corp.” has a 12 month low of $10.08 and a 12 month high of $10.20.
About “Pure Acquisition Corp.”
Pure Acquisition Corp. focuses on the opportunities in the upstream oil and gas industry in North America. The company was founded in 2017 and is based in Fort Worth, Texas.
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