ArcLight Clean Transition Corp. II Unit's Quiet Period Set To Expire Tomorrow (NASDAQ:ACTDU)

ArcLight Clean Transition Corp. II Unit's (NASDAQ:ACTDU) quiet period is set to end on Monday, May 3rd. ArcLight Clean Transition Corp. II Unit had issued 27,500,000 shares in its initial public offering on March 23rd. The total size of the offering was $275,000,000 based on an initial share price of $10.00. During ArcLight Clean Transition Corp. II Unit's quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.