Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) Lock-Up Period To Expire on March 4th

Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) lock-up period is set to expire on Tuesday, March 4th. Pheton Holdings Ltd Class A Ordinary Shares had issued 2,250,000 shares in its IPO on September 5th. The total size of the offering was $9,000,000 based on an initial share price of $4.00. After the end of Pheton Holdings Ltd Class A Ordinary Shares’ lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Pheton Holdings Ltd Class A Ordinary Shares Stock Down 26.7 %

Shares of PTHL opened at $2.20 on Tuesday. The stock’s fifty day moving average is $3.54. Pheton Holdings Ltd Class A Ordinary Shares has a 12 month low of $1.32 and a 12 month high of $6.45.

Pheton Holdings Ltd Class A Ordinary Shares Company Profile

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors.