Pinnacle Food Group Ltd’s Quiet Period To End on June 2nd (NASDAQ:PFAI)

Pinnacle Food Group’s (NASDAQ:PFAI) quiet period is set to expire on Monday, June 2nd. Pinnacle Food Group had issued 1,800,000 shares in its IPO on April 22nd. The total size of the offering was $7,200,000 based on an initial share price of $4.00. During Pinnacle Food Group’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.

Pinnacle Food Group Stock Down 4.0%

Shares of PFAI opened at $3.12 on Wednesday. Pinnacle Food Group has a 12 month low of $3.00 and a 12 month high of $4.40.

Pinnacle Food Group Company Profile

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS).