Paloma Acquisition Corp I’s (NASDAQ:PALOU) Quiet Period Will Expire on March 31st

Paloma Acquisition Corp I’s (NASDAQ:PALOU) quiet period is set to expire on Tuesday, March 31st. Paloma Acquisition Corp I had issued 15,000,000 shares in its public offering on February 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Paloma Acquisition Corp I’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Paloma Acquisition Corp I to a “hold” rating in a report on Monday, March 2nd.

Paloma Acquisition Corp I Stock Performance

PALOU opened at $9.97 on Thursday. Paloma Acquisition Corp I has a 52-week low of $9.96 and a 52-week high of $10.01.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.