Newbridge Acquisition’s (NASDAQ:NBRG – Get Free Report) lock-up period is set to expire on Wednesday, July 29th. Newbridge Acquisition had issued 5,000,000 shares in its IPO on January 30th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings assumed coverage on Newbridge Acquisition in a report on Tuesday, June 16th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
View Our Latest Report on NBRG
Newbridge Acquisition Stock Performance
About Newbridge Acquisition
Newbridge Acquisition Ltd is a blank check company.
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