Newbridge Acquisition Limited’s Lock-Up Period To Expire on July 29th (NASDAQ:NBRG)

Newbridge Acquisition’s (NASDAQ:NBRG) lock-up period will end 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 company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Newbridge Acquisition in a research report on Tuesday, June 16th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Newbridge Acquisition Trading Down 0.1%

NASDAQ NBRG opened at $9.97 on Wednesday. The firm has a 50 day moving average price of $9.97. Newbridge Acquisition has a 1-year low of $9.59 and a 1-year high of $9.99.

About Newbridge Acquisition

Newbridge Acquisition Ltd is a blank check company.