Everbright Digital Holding Limited’s Lock-Up Period Will Expire on October 14th (NASDAQ:EDHL)

Everbright Digital’s (NASDAQ:EDHLGet Free Report) lock-up period is set to expire on Tuesday, October 14th. Everbright Digital had issued 1,500,000 shares in its initial public offering on April 17th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Everbright Digital in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on Everbright Digital

Everbright Digital Trading Down 8.2%

EDHL stock opened at $0.47 on Friday. The firm’s fifty day moving average price is $0.59. Everbright Digital has a one year low of $0.36 and a one year high of $6.88.

About Everbright Digital

(Get Free Report)

We are an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, and are committed to providing one-stop digital marketing services to support businesses through every stage of their development. Under the all-in-one service, our revenue is generated by providing tailored marketing solutions that address the specific needs of our clients in the context of the ever-developing nature of new forms of media.

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