Pheton Holdings Ltd Class A Ordinary Shares’ Quiet Period Will Expire on October 15th (NASDAQ:PTHL)

Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) quiet period is set to expire on Tuesday, October 15th. 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. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Pheton Holdings Ltd Class A Ordinary Shares Stock Performance

Shares of PTHL opened at $5.70 on Tuesday. Pheton Holdings Ltd Class A Ordinary Shares has a one year low of $3.32 and a one year high of $6.45.

About Pheton Holdings Ltd Class A Ordinary Shares

Pheton Holdings Ltd, a healthcare solutions provider, develops and commercializes treatment software and devices used for brachytherapy. The company’s proprietary treatment planning system is a radiation therapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors.