ADOMANI INC’s (NASDAQ:ADOM) Quiet Period Will End on July 25th

ADOMANI INC’s (NASDAQ:ADOM) quiet period is set to expire on Tuesday, July 25th. ADOMANI INC had issued 2,852,275 shares in its initial public offering on June 15th. The total size of the offering was $14,261,375 based on an initial share price of $5.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

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ADOMANI INC (NASDAQ ADOM) opened at 10.49 on Friday. The stock has a 50 day moving average price of $11.77 and a 200 day moving average price of $11.77. The stock’s market capitalization is $714.05 million. ADOMANI INC has a 12 month low of $6.11 and a 12 month high of $18.31.

About ADOMANI INC

Adomani, Inc is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs, manufactures and installs conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, electric or hybrid drivetrain systems.