Newbridge Acquisition Ltd’s (NASDAQ:NBRGU) Quiet Period Will End Tomorrow

Newbridge Acquisition’s (NASDAQ:NBRGU) quiet period will end on Wednesday, March 11th. 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. During Newbridge Acquisition’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Newbridge Acquisition to a “hold” rating in a research note on Saturday, February 7th.

Newbridge Acquisition Stock Down 0.3%

NBRGU stock opened at $9.97 on Tuesday. Newbridge Acquisition has a twelve month low of $9.97 and a twelve month high of $10.03.

About Newbridge Acquisition

Newbridge Acquisition (NASDAQ: NBRGU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition or similar business combination. As a SPAC, its principal business activity is to identify and complete an acquisition that will allow a private operating company to become publicly listed through a business combination rather than a traditional IPO process.

The company’s securities trade as units on the Nasdaq under the ticker NBRGU, representing the SPAC vehicle prior to any separation of underlying securities or consummation of a business combination.