Three Lions Acquisition Corp.’s (NASDAQ:TLACU) Quiet Period To Expire Tomorrow

Three Lions Acquisition’s (NASDAQ:TLACU) quiet period will end on Monday, October 12th. Three Lions Acquisition had issued 10,000,000 shares in its initial public offering on September 1st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Three Lions Acquisition’s quiet period, insiders and underwriters that worked on 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, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Three Lions Acquisition to a “hold” rating in a research report on Saturday, September 12th.

Three Lions Acquisition Trading Up 0.5%

Shares of TLACU opened at $9.97 on Friday. Three Lions Acquisition has a 12-month low of $9.93 and a 12-month high of $10.18.

About Three Lions Acquisition

Three Lions Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TLACU. The company was formed to identify and complete a business combination with one or more operating businesses.

As a blank-check company, Three Lions Acquisition does not have significant operating products or services of its own. Its activities primarily involve seeking a merger, share exchange, asset acquisition, reorganization or similar transaction with a target company.

Specific information about the company’s target industry, geographic operations and leadership is limited.