CTW Cayman's Quiet Period Set To End on September 15th (NASDAQ:CTW)

Key Points

• CTW Cayman's quiet period is set to expire on September 15th, allowing underwriters to initiate research coverage on the company.
• The company issued 2,400,000 shares in a public offering on August 6th, with an offering size of $12,000,000 at an initial price of $5.00 per share.
• CTW Cayman shares were upgraded to a "hold" rating by Wall Street Zen following their public offering.

CTW Cayman's (NASDAQ:CTW - Get Free Report) quiet period will end on Monday, September 15th. CTW Cayman had issued 2,400,000 shares in its public offering on August 6th. The total size of the offering was $12,000,000 based on an initial share price of $5.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CTW Cayman to a "hold" rating in a research report on Saturday, August 9th.

CTW Cayman Trading Down 0.1%

NASDAQ CTW traded down $0.00 on Friday, reaching $1.92. The stock had a trading volume of 67,084 shares, compared to its average volume of 65,800. CTW Cayman has a 12-month low of $1.71 and a 12-month high of $4.88.

CTW Cayman Company Profile

We are a leading globally accessible, web-based gaming platform, offering players an immersive digital space through our flagship HTML5 platform, G123.jp. Our platform showcases a diverse selection of free-to-play games inspired by popular Japanese animations, including Queen's Blade, So I'm a Spider, So What?, and Goblin Slayer.