Kindly MD, Inc.’s Lock-Up Period Set To Expire on November 27th (NASDAQ:KDLY)

Kindly MD’s (NASDAQ:KDLY) lock-up period is set to end on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its public offering on May 31st. The total size of the offering was $6,825,005 based on an initial share price of $5.50. After the end of Kindly MD’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Kindly MD Price Performance

Shares of NASDAQ:KDLY opened at $0.97 on Friday. The stock has a 50 day moving average price of $1.09. Kindly MD has a 52-week low of $0.78 and a 52-week high of $4.20.

Hedge Funds Weigh In On Kindly MD

A number of institutional investors have recently added to or reduced their stakes in the company. Warberg Asset Management LLC purchased a new stake in shares of Kindly MD in the 2nd quarter worth about $30,000. Torno Capital LLC bought a new stake in Kindly MD during the second quarter worth about $57,000. Finally, Townsquare Capital LLC purchased a new stake in Kindly MD in the third quarter worth about $736,000.

About Kindly MD

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.