NewHold Investment Corp IV’s (NASDAQ:NHIV) Lock-Up Period Will Expire Tomorrow

NewHold Investment Corp IV’s (NASDAQ:NHIV) lock-up period is set to expire on Monday, October 12th. NewHold Investment Corp IV had issued 17,500,000 shares in its public offering on April 15th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on NewHold Investment Corp IV in a report on Tuesday, September 1st. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

NewHold Investment Corp IV Trading Up 1.2%

NewHold Investment Corp IV stock opened at $10.17 on Friday. The firm’s fifty day simple moving average is $10.13. NewHold Investment Corp IV has a 1-year low of $9.80 and a 1-year high of $11.50.

Institutional Investors Weigh In On NewHold Investment Corp IV

An institutional investor recently bought a new position in NewHold Investment Corp IV stock. Moore Capital Management LP bought a new position in NewHold Investment Corp IV (NASDAQ:NHIV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 700,000 shares of the company’s stock, valued at approximately $7,000,000. Moore Capital Management LP owned about 3.37% of NewHold Investment Corp IV as of its most recent filing with the Securities and Exchange Commission.

About NewHold Investment Corp IV

NewHold Investment Corp IV is a blank check company incorporated as a Cayman Islands exempted company and 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.