Daseke’s (NASDAQ:HCACU) quiet period will expire on Wednesday, August 2nd. Daseke had issued 22,500,000 shares in its initial public offering on June 23rd. The total size of the offering was $225,000,000 based on an initial share price of $10.00. During Daseke’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports 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.
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Daseke, Inc, formerly Hennessy Capital Acquisition Corp. II, is a trucking company. The Company is a consolidator of the open deck freight market in North America. The Company is an owner of open deck equipment. The Company is a provider of open deck transportation and logistics solutions in North America.
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