Landcadia Holdings III’s (OTCMKTS:LCYAU) quiet period is set to expire on Wednesday, November 18th. Landcadia Holdings III had issued 50,000,000 shares in its public offering on October 9th. The total size of the offering was $500,000,000 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 SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of LCYAU stock opened at $9.99 on Wednesday. Landcadia Holdings III has a fifty-two week low of $9.80 and a fifty-two week high of $10.02.
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