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

Kindly MD’s (NASDAQ:KDLY) lock-up period will end on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its initial 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 expiration 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 Stock Performance

NASDAQ:KDLY opened at $1.08 on Friday. Kindly MD has a 12-month low of $0.78 and a 12-month high of $4.20. The company has a 50-day moving average price of $1.08.

Institutional Investors Weigh In On Kindly MD

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

Kindly MD Company Profile

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.