Newbridge Acquisition’s (NASDAQ:NBRG – Get Free Report) lock-up period will expire on Wednesday, July 29th. Newbridge Acquisition had issued 5,000,000 shares in its public offering 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 company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings assumed coverage on shares of Newbridge Acquisition in a report on Tuesday, June 16th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newbridge Acquisition currently has an average rating of “Sell”.
Read Our Latest Research Report on NBRG
Newbridge Acquisition Stock Performance
About Newbridge Acquisition
Newbridge Acquisition Ltd is a blank check company.
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