Fellazo Inc.’s Lock-Up Period To End Tomorrow (OTCMKTS:FLLCU)
Fellazo’s (OTCMKTS:FLLCU) lock-up period is set to expire on Tuesday, January 21st. Fellazo had issued 5,000,000 shares in its IPO on July 25th. The total size of the offering was $50,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Shares of OTCMKTS FLLCU opened at $10.12 on Monday. Fellazo has a 12 month low of $9.05 and a 12 month high of $10.20. The business’s 50-day simple moving average is $10.11.
An institutional investor recently bought a new position in Fellazo stock. Periscope Capital Inc. acquired a new stake in shares of Fellazo Inc. (OTCMKTS:FLLCU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 341,400 shares of the company’s stock, valued at approximately $3,400,000.
Fellazo Inc intends to focus its search for target businesses in the health food and supplement sector. The company was founded in 2018 and is based in Yongkang, China.
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