OneIM Acquisition Corp.’s Quiet Period To Expire on February 23rd (NASDAQ:OIMAU)

OneIM Acquisition’s (NASDAQ:OIMAU) quiet period is set to expire on Monday, February 23rd. OneIM Acquisition had issued 25,000,000 shares in its public offering on January 14th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded OneIM Acquisition to a “hold” rating in a research note on Saturday, January 17th.

OneIM Acquisition Stock Up 0.1%

Shares of NASDAQ:OIMAU opened at $10.11 on Wednesday. OneIM Acquisition has a fifty-two week low of $10.05 and a fifty-two week high of $10.15.

About OneIM Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, 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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.