Everbright Digital’s (NASDAQ:EDHL – Get 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%
About Everbright Digital
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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