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 initial public offering 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.

Wall Street Analysts Forecast Growth

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

Newbridge Acquisition Price Performance

Shares of NBRG stock opened at $9.97 on Wednesday. The stock’s 50 day simple moving average is $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.