NewHold Investment Corp IV’s Lock-Up Period Set To Expire on October 12th (NASDAQ:NHIV)

NewHold Investment Corp IV’s (NASDAQ:NHIV – Get Free Report) lock-up period will expire on Monday, October 12th. NewHold Investment Corp IV had issued 17,500,000 shares in its IPO on April 15th. The total size of the offering was $175,000,000 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 end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on NewHold Investment Corp IV in a research note on Tuesday, September 1st. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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NewHold Investment Corp IV Stock Up 0.7%

NewHold Investment Corp IV stock opened at $10.12 on Friday. NewHold Investment Corp IV has a twelve month low of $9.80 and a twelve month high of $11.50. The company’s 50 day moving average is $10.13.

Hedge Funds Weigh In On NewHold Investment Corp IV

A hedge fund recently bought a new stake in NewHold Investment Corp IV stock. Moore Capital Management LP bought a new position in NewHold Investment Corp IV (NASDAQ:NHIV – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 700,000 shares of the company’s stock, valued at approximately $7,000,000. Moore Capital Management LP owned about 3.37% of NewHold Investment Corp IV at the end of the most recent reporting period.

NewHold Investment Corp IV Company Profile

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NewHold Investment Corp IV is a blank check company incorporated as a Cayman Islands exempted 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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