NewHold Investment Corp. II’s Quiet Period To End on April 9th (OTCMKTS:NHICU)

NewHold Investment Corp. II’s (OTCMKTS:NHICU) quiet period is set to end on Wednesday, April 9th. NewHold Investment Corp. II had issued 17,500,000 shares in its public offering on February 28th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. During NewHold Investment Corp. II’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

NewHold Investment Corp. II Price Performance

Shares of NHICU opened at $10.04 on Friday. NewHold Investment Corp. II has a 12 month low of $10.02 and a 12 month high of $10.10. The stock’s 50 day moving average is $10.13 and its two-hundred day moving average is $10.19.

About NewHold Investment Corp. II

NewHold Investment Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on the industrial technology business.