RedCloud Holdings plc's (NASDAQ:RCT) Lock-Up Period To End on September 17th

Key Points

• RedCloud Holdings plc's lock-up period is set to expire on September 17th, allowing major shareholders and insiders to trade their shares.
• The company issued 4,444,445 shares during its IPO, raising approximately $20 million based on an initial share price of $4.50.
• Wall Street Zen upgraded RedCloud to a "hold" rating on September 1st, amid ongoing fluctuations in the stock’s performance, with a current trading price of $1.28.

RedCloud's (NASDAQ:RCT - Get Free Report) lock-up period will expire on Wednesday, September 17th. RedCloud had issued 4,444,445 shares in its IPO on March 21st. The total size of the offering was $20,000,003 based on an initial share price of $4.50. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised RedCloud to a "hold" rating in a research note on Monday, September 1st.

RedCloud Stock Performance

RCT stock opened at $1.28 on Wednesday. RedCloud has a 12 month low of $1.17 and a 12 month high of $5.36.

RedCloud Company Profile

We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets.

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