Research Alliance Corporation IV’s (NASDAQ:RACD) Quiet Period To Expire on August 24th

Research Alliance Corporation IV’s (NASDAQ:RACD) quiet period is set to end on Monday, August 24th. Research Alliance Corporation IV had issued 7,500,000 shares in its IPO on July 13th. The total size of the offering was $75,000,000 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 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Research Alliance Corporation IV to a “hold” rating in a research report on Saturday, July 18th.

Research Alliance Corporation IV Stock Performance

RACD opened at $11.68 on Wednesday. Research Alliance Corporation IV has a 12 month low of $10.00 and a 12 month high of $12.25.

Research Alliance Corporation IV Company Profile

Research Alliance Corporation IV is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Research Alliance Corporation IV is based in NEW YORK.