Top Wealth Group Holding Limited’s Lock-Up Period To End on October 14th (NASDAQ:TWG)

Top Wealth Group’s (NASDAQ:TWG) lock-up period will end on Monday, October 14th. Top Wealth Group had issued 2,000,000 shares in its public offering on April 16th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of Top Wealth Group’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Top Wealth Group Stock Down 5.2 %

Shares of Top Wealth Group stock opened at $1.65 on Monday. The company’s 50 day simple moving average is $1.09. Top Wealth Group has a 52 week low of $0.65 and a 52 week high of $5.50.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.