Epsium Enterprise Limited's Lock-Up Period Set To Expire on September 22nd (NASDAQ:EPSM)

Key Points

• The lock-up period for Epsium Enterprise Limited (NASDAQ: EPSM) is set to expire on **September 22nd**, lifting restrictions on insiders and major shareholders selling their shares.
• Epsium's initial public offering on March 26th included **1,250,000 shares** with a total offering size of **$5,000,000** at an initial share price of **$4.00**.
• Following a recent drop, Epsium Enterprise stock is currently priced at **$39.50**, down **15.5%**, and has fluctuated significantly over the past year, with a low of **$4.23** and a high of **$155.00**.

Epsium Enterprise's (NASDAQ:EPSM - Get Free Report) lock-up period is set to end on Monday, September 22nd. Epsium Enterprise had issued 1,250,000 shares in its IPO on March 26th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Epsium Enterprise's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Epsium Enterprise Price Performance

Epsium Enterprise stock traded down $1.22 during mid-day trading on Friday, reaching $34.79. The company's stock had a trading volume of 1,928,594 shares, compared to its average volume of 375,307. The firm's 50 day moving average is $25.81. Epsium Enterprise has a twelve month low of $4.23 and a twelve month high of $155.00.

Institutional Investors Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. purchased a new position in Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company's stock, valued at approximately $53,000. Murchinson Ltd. owned approximately 0.08% of Epsium Enterprise at the end of the most recent quarter.

About Epsium Enterprise

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK.