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

FG Merger’s (NASDAQ:FGMCU) quiet period will end 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, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

FG Merger Stock Performance

FGMCU opened at $9.77 on Friday. The business has a fifty day simple moving average of $9.03 and a 200 day simple 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.