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

QMMM’s (NASDAQ:QMMM) lock-up period is set to 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. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

QMMM Stock Down 8.0 %

QMMM stock opened at $0.92 on Friday. QMMM has a 52 week low of $0.54 and a 52 week high of $13.00. The stock has a 50 day moving average of $2.90.

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.