Newborn Acquisition Corp
Completed 2021-03-22- CIK 1780262
- NBAC
- Now NVVE
- IPO 2020-02-14
- $57.9M trust
- 85 filings
Successfully merged with Nuvve Corporation • Now trading as NVVE
- IPO Size
- $57.5M
- raised at the IPO
- Trust
- $57.9M
- as of 2020-12-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
85 filings over 8 quarters; violet bars carry a milestone
- 19 Q2: 1 filing
- 19 Q3: 6 filings
- 19 Q4: 0 filings
- 20 Q1: 23 filings
- 20 Q2: 4 filings
- 20 Q3: 2 filings
- 20 Q4: 15 filings
- 21 Q1: 34 filings
- S-1 filed 19 Q2
- IPO 20 Q1
- Definitive agreement 20 Q4
- Completed 21 Q1
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Newborn Acquisition Corp. is a blank-check company formed to acquire one or more operating businesses through an initial business combination.
Geographic Focus
Asia (excluding China), United States
Key Information
As the filings state it
- IPO Date
- 2020-02-14
- PIPE
- $14.3M
- SIC
- 6770
- Completion Date
- 2021-03-22
- Merger Target
- Nuvve Corporation
- SPAC Ticker
- NBAC
- Merged Ticker
- NVVE
Stock Performance
NVVETrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2020-05-01 | $9.79 | |
| At Merger | 2021-03-23 | $13.70 | +40% |
| 6 Months Post-Merger | 2021-09-22 | $11.44 | -16% |
| 1 Year Post-Merger | 2022-03-23 | $6.70 | -51% |
| 2 Years Post-Merger | 2023-03-23 | $0.58 | -96% |
| Current Price | 2026-10-16 | $0.98 | -90% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Chairman and Chief Executive Officer Wenhui Xiong, the team includes Jianjun Nie, H. David Sherman, Jianzhong Lu and Li Wan. Their stated experience includes equity investments, finance, business operations, management, accounting, public-company boards, auditing, and private equity.