Kindly MD, Inc.’s Lock-Up Period Set To Expire on November 27th (NASDAQ:KDLY)

Kindly MD’s (NASDAQ:KDLY) lock-up period will end on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its initial public offering on May 31st. The total size of the offering was $6,825,005 based on an initial share price of $5.50. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Kindly MD Trading Down 7.0 %

Shares of NASDAQ KDLY opened at $0.83 on Wednesday. The stock has a fifty day moving average of $1.11. Kindly MD has a 52 week low of $0.78 and a 52 week high of $4.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC bought a new stake in shares of Kindly MD during the 3rd quarter worth $736,000. Torno Capital LLC bought a new position in shares of Kindly MD in the second quarter worth about $57,000. Finally, Warberg Asset Management LLC acquired a new stake in shares of Kindly MD in the 2nd quarter valued at approximately $30,000.

Kindly MD Company Profile

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.