New America Acquisition I Corp.’s Lock-Up Period Will Expire on June 2nd (NYSE:NWAX)

New America Acquisition I’s (NYSE:NWAX) lock-up period is set to end on Tuesday, June 2nd. New America Acquisition I had issued 30,000,000 shares in its initial public offering on December 4th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the expiration of New America Acquisition I’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

Separately, Weiss Ratings initiated coverage on shares of New America Acquisition I in a research report on Friday. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

New America Acquisition I Stock Performance

Shares of New America Acquisition I stock opened at $10.13 on Tuesday. New America Acquisition I has a 1-year low of $9.68 and a 1-year high of $10.39. The firm’s fifty day simple moving average is $10.06.

About New America Acquisition I

New America Acquisition I Corp is a blank check company 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, which it refers to throughout this prospectus as its initial Business Combination.