Picocela Inc.'s Quiet Period To Expire on February 25th (NASDAQ:PCLA)

Picocela's (NASDAQ:PCLA - Get Free Report) quiet period will expire on Tuesday, February 25th. Picocela had issued 1,750,000 shares in its IPO on January 16th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During the company's quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Picocela Trading Down 2.4 %

Shares of PCLA traded down $0.21 during trading hours on Friday, hitting $8.60. 2,057,821 shares of the stock were exchanged, compared to its average volume of 1,311,045. Picocela has a 12-month low of $2.21 and a 12-month high of $9.80.

About Picocela

We are engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. We derive our revenues mainly from two sources: (1) sales of product equipment, and (2) SaaS, maintenance and others. Under the first revenue source, we develop mesh Wi-Fi access point devices, PCWL series, adopting our proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (“PBE”), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling.