QMMM Holdings Ltd.’s (NASDAQ:QMMM) Lock-Up Period To End on January 15th

QMMM’s (NASDAQ:QMMM) lock-up period is set to end on Wednesday, January 15th. QMMM had issued 2,150,000 shares in its IPO on July 19th. The total size of the offering was $8,600,000 based on an initial share price of $4.00. After the expiration of QMMM’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

QMMM Stock Performance

NASDAQ QMMM opened at $0.89 on Friday. The company’s 50 day moving average price is $2.69. QMMM has a twelve month low of $0.54 and a twelve month high of $13.00.

About QMMM

We are a holding company incorporated as an exempted company with limited liability under the law of the Cayman Islands. Our Ordinary Shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiaries in Hong Kong.