Quetta Acquisition (QETAU) Stock Price, News & Analysis

Company Overview

Quetta Acquisition (NASDAQ:QETAU) is a special purpose acquisition company (SPAC) incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check vehicle, the company itself does not operate any business but seeks to identify and combine with one or more target companies that meet its investment criteria.

Since its formation, Quetta Acquisition has focused on raising capital through an initial public offering and holding those proceeds in a trust account while it evaluates potential business combination opportunities. The SPAC structure gives Quetta Acquisition up to 24 months to complete a transaction, after which it must return remaining funds to public shareholders if no suitable target is identified.

Quetta Acquisition’s management team and sponsors bring experience in corporate finance, mergers and acquisitions and capital markets, although specific details regarding individual leadership have not been publicly disclosed. The company is headquartered in the United States and intends to pursue acquisition opportunities across a range of industries and geographies that it believes offer strong growth potential.

Key Stats

• Today's Range: $10.84 to $10.84
• 50-Day Range: $10.84 to $10.84
• 52-Week Range: $10.27 to $12.54
• Volume: 300 shs
• Average Volume: 1,475 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

QETAU Stock Analysis - Frequently Asked Questions

How have QETAU shares performed this year?

Quetta Acquisition's stock was trading at $10.65 at the beginning of the year. Since then, QETAU shares have increased by 1.8% and is now trading at $10.84.

When did Quetta Acquisition IPO?

Quetta Acquisition (QETAU) raised $60 million in an IPO on Friday, October 6th 2023. The company issued 6,000,000 shares at a price of $10.00 per share. EF Hutton served as the underwriter for the IPO.

How do I buy shares of Quetta Acquisition?

Shares of QETAU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Financial Services
• Industry: Shell Companies
• Sub-Industry: Trading
• Current Symbol: NASDAQ:QETAU
• CIK: 1978528
• Web: N/A
• Phone: 212-612-1400
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A