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

Gelteq’s (NASDAQ:GELS) quiet period is set to expire on Monday, December 9th. Gelteq had issued 1,300,000 shares in its IPO 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, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Gelteq Stock Performance

Shares of GELS stock opened at $1.92 on Friday. Gelteq has a fifty-two week low of $1.42 and a fifty-two week high of $4.98.

Gelteq Company Profile

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.