Cantor Equity Partners II, Inc.'s Quiet Period To Expire on June 11th (NASDAQ:CEPT)

Cantor Equity Partners II's (NASDAQ:CEPT - Get Free Report) quiet period will expire on Wednesday, June 11th. Cantor Equity Partners II had issued 24,000,000 shares in its initial public offering on May 2nd. The total size of the offering was $240,000,000 based on an initial share price of $10.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Cantor Equity Partners II from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Cantor Equity Partners II Stock Performance

CEPT stock traded down $0.21 during midday trading on Thursday, hitting $11.35. The company's stock had a trading volume of 182,420 shares, compared to its average volume of 456,636. Cantor Equity Partners II has a 12 month low of $10.80 and a 12 month high of $11.76.

Cantor Equity Partners II Company Profile

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.