Gelteq Limited’s (NASDAQ:GELS) Quiet Period Set To Expire on December 9th

Gelteq’s (NASDAQ:GELS) quiet period is set to end on Monday, December 9th. Gelteq had issued 1,300,000 shares in its initial public offering on October 29th. The total size of the offering was $5,200,000 based on an initial share price of $4.00. During Gelteq’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end 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.

Gelteq Trading Down 25.7 %

NASDAQ GELS opened at $2.84 on Wednesday. Gelteq has a 52 week low of $1.42 and a 52 week high of $4.98.

About Gelteq

Gelteq Inc is a biotechnology company which specializes in the formulation, development and manufacturing of ingestible gel platform designed for nutrient and drug delivery. The Company is focused on advancing and commercializing its delivery solutions within core verticals pharmaceuticals, over-the-counter medications, nutraceuticals, animal medications and sports nutrition.