Rectitude Holdings, Ltd.’s Quiet Period Will Expire on July 31st (NASDAQ:RECT)

Rectitude’s (NASDAQ:RECT) quiet period will end on Wednesday, July 31st. Rectitude had issued 2,000,000 shares in its initial public offering on June 21st. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates 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.

Rectitude Price Performance

Shares of NASDAQ:RECT opened at $3.29 on Friday. Rectitude has a 1 year low of $3.01 and a 1 year high of $4.25.

Rectitude Company Profile

Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites.