NewHold Investment Corp. II’s (OTCMKTS:NHICU – Get Free Report) lock-up period will end on Wednesday, August 27th. NewHold Investment Corp. II had issued 17,500,000 shares in its initial 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 Price Performance
Shares of OTCMKTS NHICU opened at $10.31 on Tuesday. The firm has a fifty day moving average of $10.36 and a 200-day moving average of $10.20. NewHold Investment Corp. II has a 52-week low of $10.02 and a 52-week high of $11.15.
Institutional Trading of NewHold Investment Corp. II
Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Arbitrage LLC acquired a new position in shares of NewHold Investment Corp. II during the first quarter valued at $14,126,000. Magnetar Financial LLC bought a new stake in shares of NewHold Investment Corp. II in the 1st quarter worth approximately $12,612,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of NewHold Investment Corp. II during the 1st quarter valued at $8,056,000. Millennium Management LLC acquired a new position in shares of NewHold Investment Corp. II in the 1st quarter valued at $7,552,000. Finally, Linden Advisors LP acquired a new position in shares of NewHold Investment Corp. II in the first quarter worth about $6,811,000.
About NewHold Investment Corp. II
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.
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