Stars Acquisition Corp’s (NASDAQ:ATACU) quiet period will expire on Monday, September 18th. Stars Acquisition Corp had issued 4,000,000 shares in its IPO on August 9th. The total size of the offering was $40,000,000 based on an initial share price of $10.00. During Stars Acquisition Corp’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates 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.
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Shares of Stars Acquisition Corp (NASDAQ ATACU) opened at 10.1768 on Friday. The stock’s market capitalization is $54.14 million. Stars Acquisition Corp has a one year low of $10.14 and a one year high of $10.18.
In other news, Director Wai Fun Cheng purchased 19,125 shares of Stars Acquisition Corp stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $10.00 per share, for a total transaction of $191,250.00. Following the completion of the acquisition, the director now owns 274,875 shares in the company, valued at approximately $2,748,750. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Stars Acquisition Corp Company Profile
Atlantic Acquisition Corp., formerly Stars Acquisition Corp., is a blank check company. The Company is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more businesses or entities (target business).
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