ParaZero Technologies Ltd.’s Quiet Period Set To Expire on September 5th (NASDAQ:PRZO)

ParaZero Technologies’ (NASDAQ:PRZO – Get Free Report) quiet period will expire on Tuesday, September 5th. ParaZero Technologies had issued 1,950,000 shares in its public offering on July 27th. The total size of the offering was $7,800,000 based on an initial share price of $4.00. During ParaZero Technologies’ quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports 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.

ParaZero Technologies Stock Up 0.9 %

Shares of NASDAQ:PRZO opened at $1.15 on Tuesday. ParaZero Technologies has a 1-year low of $0.95 and a 1-year high of $4.15.

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ParaZero Technologies Company Profile

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ParaZero Technologies Ltd., an aerospace company, engages in the design, development, manufacturing, distribution, and sale of autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.

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