MDB Capital’s (NASDAQ:MDBH – Get Free Report) lock-up period will end on Tuesday, March 19th. MDB Capital had issued 1,666,666 shares in its IPO on September 21st. The total size of the offering was $19,999,992 based on an initial share price of $12.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
MDB Capital Trading Down 1.4 %
NASDAQ MDBH opened at $10.33 on Tuesday. MDB Capital has a 52 week low of $7.35 and a 52 week high of $21.67. The firm’s 50-day simple moving average is $11.40.
Institutional Investors Weigh In On MDB Capital
Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG purchased a new stake in MDB Capital in the third quarter valued at approximately $173,000. Pasadena Private Wealth LLC purchased a new position in shares of MDB Capital in the fourth quarter worth $577,000. Finally, Baker Avenue Asset Management LP purchased a new position in shares of MDB Capital in the fourth quarter worth $865,000.
About MDB Capital
MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.
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