Soliton Inc’s (NASDAQ:SOLY) Lock-Up Period Set To Expire on August 19th

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Soliton’s (NASDAQ:SOLY) lock-up period is set to expire on Monday, August 19th. Soliton had issued 2,172,591 shares in its public offering on February 19th. The total size of the offering was $10,862,955 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Shares of NASDAQ:SOLY opened at $10.46 on Monday. Soliton has a 1-year low of $4.12 and a 1-year high of $29.00. The firm’s 50 day moving average price is $13.16.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Soliton during the second quarter valued at approximately $32,000. Bank of Montreal Can purchased a new position in Soliton during the second quarter valued at approximately $91,000. Royal Bank of Canada purchased a new position in Soliton during the second quarter valued at approximately $96,000. Morgan Stanley purchased a new position in Soliton during the second quarter valued at approximately $121,000. Finally, Advisory Services Network LLC bought a new stake in shares of Soliton during the second quarter valued at approximately $194,000. 0.56% of the stock is currently owned by institutional investors and hedge funds.

Soliton Company Profile

Soliton, Inc, an early stage medical device company, focuses on developing and commercializing products using a proprietary rapid acoustic pulse technology platform. It offers a device for the removal of tattoos. The company was founded in 2012 and is headquartered in Houston, Texas.

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