ADOMANI, Inc.’s Lock-Up Period To Expire on December 12th (NASDAQ:ADOM)
ADOMANI’s (NASDAQ:ADOM) lock-up period is set to expire on Tuesday, December 12th. ADOMANI had issued 2,852,275 shares in its initial public offering on June 15th. The total size of the offering was $14,261,375 based on an initial share price of $5.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
ADOMANI (ADOM) opened at $3.42 on Thursday. ADOMANI has a 12-month low of $3.05 and a 12-month high of $18.31.
A hedge fund recently bought a new stake in ADOMANI stock. Jane Street Group LLC acquired a new stake in ADOMANI, Inc. (NASDAQ:ADOM) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 15,195 shares of the company’s stock, valued at approximately $106,000. Institutional investors and hedge funds own 0.63% of the company’s stock.
Adomani, Inc is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs, manufactures and installs conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, electric or hybrid drivetrain systems.
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