DarkIris Inc.'s Quiet Period Set To Expire on September 17th (NASDAQ:DKI)

Key Points

• DarkIris Inc.'s quiet period is set to expire on September 17th, allowing underwriters to release research reports and earnings estimates.
• The company issued 1,500,000 shares in a public offering on August 8th, amounting to a total of $6,000,000 based on an initial share price of $4.00.
• Wall Street Zen has upgraded DarkIris to a "hold" rating, and the stock recently opened at $5.16, reflecting a 3.4% increase.

DarkIris' (NASDAQ:DKI - Get Free Report) quiet period will end on Wednesday, September 17th. DarkIris had issued 1,500,000 shares in its public offering on August 8th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During the company's quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded DarkIris to a "hold" rating in a report on Saturday, August 16th.

DarkIris Stock Up 3.4%

DKI stock opened at $5.16 on Wednesday. DarkIris has a 1 year low of $3.36 and a 1 year high of $15.00.

DarkIris Company Profile

DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”).

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