QMMM Holdings Ltd.’s Lock-Up Period Set To Expire on January 15th (NASDAQ:QMMM)

QMMM’s (NASDAQ:QMMM) lock-up period will expire on Wednesday, January 15th. QMMM had issued 2,150,000 shares in its IPO on July 19th. The total size of the offering was $8,600,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

QMMM Stock Down 7.4 %

NASDAQ:QMMM opened at $1.00 on Wednesday. The firm has a 50 day moving average price of $3.25. QMMM has a 1-year low of $0.54 and a 1-year high of $13.00.

About QMMM

We are a holding company incorporated as an exempted company with limited liability under the law of the Cayman Islands. Our Ordinary Shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiaries in Hong Kong.