Epsium Enterprise Limited’s Lock-Up Period Set To Expire on September 22nd (NASDAQ:EPSM)

Epsium Enterprise’s (NASDAQ:EPSM) lock-up period will expire on Monday, September 22nd. Epsium Enterprise had issued 1,250,000 shares in its initial public offering on March 26th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Epsium Enterprise’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Epsium Enterprise Trading Down 15.5%

Shares of Epsium Enterprise stock opened at $39.50 on Monday. Epsium Enterprise has a 12-month low of $4.23 and a 12-month high of $155.00. The stock has a 50-day moving average price of $23.94.

Institutional Investors Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. bought a new stake in Epsium Enterprise Limited (NASDAQ:EPSM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $53,000. Murchinson Ltd. owned approximately 0.08% of Epsium Enterprise at the end of the most recent reporting period.

About Epsium Enterprise

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK.