Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) Lock-Up Period Set To Expire on March 4th

Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) lock-up period is set to expire on Tuesday, March 4th. Pheton Holdings Ltd Class A Ordinary Shares had issued 2,250,000 shares in its public offering on September 5th. The total size of the offering was $9,000,000 based on an initial share price of $4.00. After the end of Pheton Holdings Ltd Class A Ordinary Shares’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Pheton Holdings Ltd Class A Ordinary Shares Stock Up 5.8 %

Shares of NASDAQ PTHL opened at $2.01 on Thursday. Pheton Holdings Ltd Class A Ordinary Shares has a 1-year low of $1.32 and a 1-year high of $6.45. The business has a 50-day moving average of $3.50.

Pheton Holdings Ltd Class A Ordinary Shares Company Profile

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors.