Newbridge Acquisition’s (NASDAQ:NBRG – Get 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
Newbridge Acquisition Company Profile
Newbridge Acquisition Ltd is a blank check company.
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