WORK Medical Technology Group LTD Ordinary Shares’ Lock-Up Period Will Expire on February 19th (NASDAQ:WOK)

WORK Medical Technology Group LTD Ordinary Shares’ (NASDAQ:WOK) lock-up period is set to expire on Wednesday, February 19th. WORK Medical Technology Group LTD Ordinary Shares had issued 2,000,000 shares in its public offering on August 23rd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

WORK Medical Technology Group LTD Ordinary Shares Stock Performance

Shares of WOK opened at $2.28 on Friday. The company’s 50 day simple moving average is $4.04. WORK Medical Technology Group LTD Ordinary Shares has a twelve month low of $1.87 and a twelve month high of $8.45.

Hedge Funds Weigh In On WORK Medical Technology Group LTD Ordinary Shares

A hedge fund recently bought a new stake in WORK Medical Technology Group LTD Ordinary Shares stock. Virtu Financial LLC acquired a new stake in shares of WORK Medical Technology Group LTD Ordinary Shares (NASDAQ:WOK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,009 shares of the company’s stock, valued at approximately $194,000. Virtu Financial LLC owned approximately 0.28% of WORK Medical Technology Group LTD Ordinary Shares as of its most recent filing with the Securities & Exchange Commission.

About WORK Medical Technology Group LTD Ordinary Shares

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.