Kindly MD, Inc.’s (NASDAQ:KDLY) Lock-Up Period To Expire Tomorrow

Kindly MD’s (NASDAQ:KDLY) lock-up period will expire on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its initial public offering on May 31st. The total size of the offering was $6,825,005 based on an initial share price of $5.50. After the end of Kindly MD’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Kindly MD Price Performance

KDLY stock opened at $1.49 on Tuesday. The business has a 50-day moving average of $1.09. Kindly MD has a 12 month low of $0.78 and a 12 month high of $4.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Torno Capital LLC purchased a new position in Kindly MD during the 2nd quarter worth $57,000. Warberg Asset Management LLC bought a new stake in shares of Kindly MD during the 2nd quarter worth $30,000. Finally, Townsquare Capital LLC bought a new stake in shares of Kindly MD during the 3rd quarter worth $736,000.

Kindly MD Company Profile

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.