QMMM Holdings Ltd.’s Lock-Up Period Will 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 public offering on July 19th. The total size of the offering was $8,600,000 based on an initial share price of $4.00. After the expiration of QMMM’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

QMMM Stock Down 8.0 %

QMMM stock opened at $0.92 on Friday. QMMM has a fifty-two week low of $0.54 and a fifty-two week high of $13.00. The company’s 50 day moving average is $2.90.

QMMM Company Profile

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.