Hong Kong Pharma Digital Technology Holdings Ltd’s (NASDAQ:HKPD) Quiet Period Will End on February 24th

Hong Kong Pharma Digital Technology’s (NASDAQ:HKPD) quiet period is set to end on Monday, February 24th. Hong Kong Pharma Digital Technology had issued 1,403,685 shares in its public offering on January 15th. The total size of the offering was $5,614,740 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Hong Kong Pharma Digital Technology Trading Down 11.1 %

NASDAQ:HKPD opened at $1.77 on Friday. Hong Kong Pharma Digital Technology has a fifty-two week low of $1.74 and a fifty-two week high of $3.79.

About Hong Kong Pharma Digital Technology

Hong Kong Pharma is an exempted limited liability company formed under the laws of the Cayman Islands on August 17, 2023. As a holding company with no material operations of its own, Hong Kong Pharma conducts its operations through its wholly owned subsidiaries, Joint Cross Border Logistics Company Limited and V-Alliance Technology Supplies Limited, each a limited liability corporation incorporated in Hong Kong and collectively referred to as HK Subsidiaries.