FG Merger Corp.’s Quiet Period Will End on March 10th (NASDAQ:FGMCU)

FG Merger’s (NASDAQ:FGMCU) quiet period will expire on Monday, March 10th. FG Merger had issued 8,000,000 shares in its public offering on January 29th. The total size of the offering was $80,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

FG Merger Stock Performance

Shares of FGMCU opened at $9.77 on Friday. The business has a 50-day moving average of $9.03 and a 200-day moving average of $8.53. FG Merger has a 1 year low of $9.70 and a 1 year high of $9.90.

About FG Merger

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America.