FG Merger Corp.’s Quiet Period To Expire Tomorrow (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 FG Merger’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

FG Merger Stock Performance

FG Merger stock opened at $9.77 on Friday. FG Merger has a 1-year low of $9.70 and a 1-year high of $9.90. The stock’s fifty day moving average is $9.06 and its two-hundred day moving average is $8.54.

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.