Picocela Inc.’s Quiet Period To Expire Tomorrow (NASDAQ:PCLA)

Picocela’s (NASDAQ:PCLA) quiet period will expire on Tuesday, February 25th. Picocela had issued 1,750,000 shares in its public offering on January 16th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. 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.

Picocela Stock Performance

Shares of Picocela stock opened at $8.60 on Monday. Picocela has a twelve month low of $2.21 and a twelve month high of $9.80.

About Picocela

We are engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. We derive our revenues mainly from two sources: (1) sales of product equipment, and (2) SaaS, maintenance and others. Under the first revenue source, we develop mesh Wi-Fi access point devices, PCWL series, adopting our proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (“PBE”), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling.