Everest Consolidator Acquisition Co.'s (OTCMKTS:MNTN) Quiet Period To Expire on July 1st

Everest Consolidator Acquisition's (OTCMKTS:MNTN - Get Free Report) quiet period will expire on Tuesday, July 1st. Everest Consolidator Acquisition had issued 11,700,000 shares in its public offering on May 22nd. The total size of the offering was $187,200,000 based on an initial share price of $16.00. During the company's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Everest Consolidator Acquisition Stock Down 3.1%

Shares of Everest Consolidator Acquisition stock opened at $19.01 on Tuesday. The company has a 50 day moving average of $11.69 and a 200-day moving average of $10.55. Everest Consolidator Acquisition has a 1-year low of $18.25 and a 1-year high of $32.49.

Insider Buying and Selling

In other Everest Consolidator Acquisition news, Director Dana R. Settle sold 800,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $12,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,594,665 shares of company stock worth $41,514,640 in the last three months. 60.30% of the stock is owned by corporate insiders.

Everest Consolidator Acquisition Company Profile

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.

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