FG Merger Corp.’s Quiet Period Set To End on March 10th (NASDAQ:FGMCU)

FG Merger’s (NASDAQ:FGMCU) quiet period is set to expire on Monday, March 10th. FG Merger had issued 8,000,000 shares in its initial public offering on January 29th. The total size of the offering was $80,000,000 based on an initial share price of $10.00. During FG Merger’s quiet period, insiders and any underwriters involved in the IPO are restricted 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.

FG Merger Stock Performance

Shares of NASDAQ:FGMCU opened at $9.77 on Wednesday. The company’s 50 day moving average price is $8.97 and its two-hundred day moving average price is $8.50. FG Merger has a 12-month low of $9.74 and a 12-month high of $9.90.

About FG Merger

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America.