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Magic Empire Global Limited's Lock-Up Period Will End on February 1st (NASDAQ:MEGL)

Financial News Live ·  Feb 1, 2023 14:21

$Magic Empire Global (MEGL.US)$ lock-up period is set to expire on Wednesday, February 1st. Magic Empire Global had issued 5,000,000 shares in its IPO on August 5th. The total size of the offering was $20,000,000 based on an initial share price of $4.00. After the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Magic Empire Global Stock Performance

Shares of Magic Empire Global stock opened at 2.57 on Wednesday. Magic Empire Global has a 12 month low of 1.20 and a 12 month high of 249.94. The company's fifty day moving average price is 2.02.

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