Marwynn Holdings, Inc.’s (NASDAQ:MWYN) Quiet Period Will Expire Tomorrow

Marwynn’s (NASDAQ:MWYN) quiet period is set to end on Tuesday, April 22nd. Marwynn had issued 2,000,000 shares in its public offering on March 13th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Marwynn Stock Performance

MWYN opened at $4.40 on Monday. Marwynn has a 1 year low of $3.75 and a 1 year high of $5.50.

About Marwynn

Marwynn Holdings, Inc is a holding company with no operations other than holding the shares of its two wholly-owned operating subsidiaries, FuAn Enterprise, Inc (“FuAn”) and Grand Forest Cabinetry Inc (“Grand Forest”), that are in the supply chain business. Through our subsidiaries, we are committed to becoming a leading supply chain company in the U.S.