D. Boral Acquisition I Corp.’s Lock-Up Period Set To Expire on August 10th (NASDAQ:DBCA)

D. Boral Acquisition I’s (NASDAQ:DBCA) lock-up period will end on Monday, August 10th. D. Boral Acquisition I had issued 25,000,000 shares in its IPO on February 11th. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the end of D. Boral Acquisition I’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings assumed coverage on D. Boral Acquisition I in a report on Friday, May 29th. They set a “sell (e)” rating on the stock. Wall Street Zen raised D. Boral Acquisition I to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

D. Boral Acquisition I Trading Up 0.2%

DBCA opened at $10.01 on Friday. D. Boral Acquisition I has a 12 month low of $9.83 and a 12 month high of $10.07. The company has a fifty day moving average of $9.98.

D. Boral Acquisition I Company Profile

D Boral Acquisition I Corp is a blank check company. It is formed as a BVI business 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.