Kindly MD, Inc.’s (NASDAQ:KDLY) Lock-Up Period To Expire Tomorrow

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

Kindly MD Stock Up 38.0 %

KDLY stock opened at $1.49 on Tuesday. Kindly MD has a twelve month low of $0.78 and a twelve month high of $4.20. The firm’s 50-day moving average is $1.09.

Institutional Trading of Kindly MD

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Townsquare Capital LLC bought a new position in Kindly MD in the third quarter worth $736,000. Torno Capital LLC bought a new position in Kindly MD in the second quarter worth $57,000. Finally, Warberg Asset Management LLC bought a new position in Kindly MD in the second quarter worth $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.