Alpha Capital Acquisition’s (OTCMKTS:ASPCU) Quiet Period Will Expire on December 18th

Alpha Capital Acquisition’s (OTCMKTS:ASPCU) quiet period is set to expire 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 Alpha Capital Acquisition’s quiet period, insiders and underwriters 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Alpha Capital Acquisition Stock Performance

Shares of ASPCU stock opened at $10.04 on Friday. Alpha Capital Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.04. The stock has a 50 day moving average price of $8.57 and a two-hundred day moving average price of $7.63.

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.