Sacks Parente Golf’s (NASDAQ:SPGC – Get Free Report) quiet period is set to expire on Monday, September 25th. Sacks Parente Golf had issued 3,200,000 shares in its initial public offering on August 15th. The total size of the offering was $12,800,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.
Sacks Parente Golf Stock Performance
Shares of Sacks Parente Golf stock opened at $1.40 on Monday. Sacks Parente Golf has a 1 year low of $1.35 and a 1 year high of $30.00.
Insider Buying and Selling
In related news, Director Brett Widney Hoge acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average cost of $2.42 per share, for a total transaction of $72,600.00. Following the transaction, the director now directly owns 225,400 shares of the company’s stock, valued at approximately $545,468. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Sacks Parente Golf Company Profile
Sacks Parente Golf, Inc develops, designs, assembles, manufactures, and sells golf products. Its product portfolio includes putting instruments, golf shafts, golf grips, and other golf-related products under the SPG brand name. The company sells its products through resellers, distributors, and e-commerce channels in the Americas, Asia, Latin America, and Europe.
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