Crescent Acquisition’s (OTCMKTS:CRSAU) quiet period is set to expire on Wednesday, April 17th. Crescent Acquisition had issued 25,000,000 shares in its initial public offering on March 8th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. During Crescent Acquisition’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.

Shares of OTCMKTS:CRSAU opened at $10.05 on Tuesday. Crescent Acquisition has a 12-month low of $9.95 and a 12-month high of $10.04.

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About Crescent Acquisition

Crescent Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was formerly known as Crescent Funding Inc and changed its name to Crescent Acquisition Corp. in October 2018. The company was founded in 2017 and is based in Los Angeles, California.

Further Reading: Net Asset Value

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