Churchill Capital Corp X/Cayman’s (NASDAQ:CCCXU) Quiet Period Set To Expire Tomorrow

Churchill Capital Corp X/Cayman’s (NASDAQ:CCCXU) quiet period is set to expire on Monday, June 23rd. Churchill Capital Corp X/Cayman had issued 36,000,000 shares in its public offering on May 14th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. During Churchill Capital Corp X/Cayman’s quiet period, underwriters and any insiders involved in the IPO are restricted 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Churchill Capital Corp X/Cayman to a “hold” rating in a report on Saturday, June 7th.

Churchill Capital Corp X/Cayman Price Performance

Shares of Churchill Capital Corp X/Cayman stock opened at $10.38 on Friday. Churchill Capital Corp X/Cayman has a one year low of $10.27 and a one year high of $10.49.

Churchill Capital Corp X/Cayman Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.