QMMM Holdings Ltd.’s (NASDAQ:QMMM) Lock-Up Period Will Expire 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 public offering on July 19th. The total size of the offering was $8,600,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

QMMM Price Performance

Shares of QMMM stock opened at $1.00 on Wednesday. QMMM has a 1 year low of $0.54 and a 1 year high of $13.00. The stock’s 50 day moving average is $3.25.

QMMM Company Profile

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.