FinServ Acquisition’s (OTCMKTS:FSRVU) quiet period will expire on Wednesday, December 11th. FinServ Acquisition had issued 22,000,000 shares in its IPO 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, insiders and any underwriters involved in the IPO are prevented from issuing any research reports 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 OTCMKTS FSRVU opened at $10.12 on Wednesday.
FinServ Acquisition Company Profile
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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