NewHold Investment Corp. II’s Lock-Up Period To Expire on August 27th (OTCMKTS:NHICU)

NewHold Investment Corp. II’s (OTCMKTS:NHICU) lock-up period will expire on Wednesday, August 27th. NewHold Investment Corp. II had issued 17,500,000 shares in its public offering on February 28th. 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 company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

NewHold Investment Corp. II Stock Performance

Shares of NewHold Investment Corp. II stock opened at $10.80 on Wednesday. The firm has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $10.20. NewHold Investment Corp. II has a 1-year low of $10.02 and a 1-year high of $11.15.

Institutional Trading of NewHold Investment Corp. II

A number of institutional investors and hedge funds have recently modified their holdings of NHICU. AQR Arbitrage LLC acquired a new stake in shares of NewHold Investment Corp. II in the first quarter worth $14,126,000. Magnetar Financial LLC acquired a new position in NewHold Investment Corp. II during the 1st quarter valued at $12,612,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in NewHold Investment Corp. II during the 1st quarter valued at $8,056,000. Millennium Management LLC acquired a new position in NewHold Investment Corp. II during the 1st quarter valued at $7,552,000. Finally, Linden Advisors LP acquired a new position in NewHold Investment Corp. II during the 1st quarter valued at $6,811,000.

NewHold Investment Corp. II Company Profile

NewHold Investment Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on the industrial technology business.