D. Boral Acquisition I’s (NASDAQ:DBCA – Get Free Report) lock-up period is set to end on Monday, August 10th. D. Boral Acquisition I had issued 25,000,000 shares in its IPO on February 11th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Analysts Set New Price Targets
Several equities analysts have recently commented on DBCA shares. Weiss Ratings started coverage on shares of D. Boral Acquisition I in a research report on Friday, May 29th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded shares of D. Boral Acquisition I to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Check Out Our Latest Research Report on DBCA
D. Boral Acquisition I Stock Performance
D. Boral Acquisition I Company Profile
D Boral Acquisition I Corp is a blank check company. It is formed as a BVI business company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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