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

D. Boral Acquisition I’s (NASDAQ:DBCA) lock-up period is set to 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 expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

DBCA has been the topic of a number of research reports. Weiss Ratings started coverage on shares of D. Boral Acquisition I in a research note on Friday, May 29th. They issued a “sell (e)” rating on the stock. Wall Street Zen upgraded D. Boral Acquisition I to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

D. Boral Acquisition I Stock Performance

Shares of D. Boral Acquisition I stock opened at $10.01 on Friday. D. Boral Acquisition I has a twelve month low of $9.83 and a twelve month high of $10.07. The business’s 50 day moving average is $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.