Newbridge Acquisition Limited’s Lock-Up Period To Expire on July 29th (NASDAQ:NBRG)

Newbridge Acquisition’s (NASDAQ:NBRGGet Free Report) lock-up period is set to end on Wednesday, July 29th. Newbridge Acquisition had issued 5,000,000 shares in its initial public offering on January 30th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the end of Newbridge Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Newbridge Acquisition in a research note on Tuesday, June 16th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Newbridge Acquisition presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on NBRG

Newbridge Acquisition Stock Performance

Shares of NBRG opened at $9.98 on Friday. The stock has a fifty day moving average price of $9.97. Newbridge Acquisition has a 12-month low of $9.59 and a 12-month high of $9.99.

Newbridge Acquisition Company Profile

(Get Free Report)

Newbridge Acquisition Ltd is a blank check company.

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