Intercont (Cayman) Limited’s Lock-Up Period Set To Expire on September 24th (NASDAQ:NCT)

Intercont (Cayman)’s (NASDAQ:NCT) lock-up period is set to expire on Wednesday, September 24th. Intercont (Cayman) had issued 1,500,000 shares in its IPO on March 28th. The total size of the offering was $10,500,000 based on an initial share price of $7.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Intercont (Cayman) Price Performance

Shares of NASDAQ NCT opened at $1.34 on Wednesday. The company has a fifty day moving average price of $2.63. Intercont has a one year low of $1.05 and a one year high of $8.76.

Institutional Trading of Intercont (Cayman)

An institutional investor recently bought a new position in Intercont (Cayman) stock. FNY Investment Advisers LLC purchased a new stake in Intercont (Cayman) Limited (NASDAQ:NCT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,704 shares of the company’s stock, valued at approximately $55,000.

About Intercont (Cayman)

Intercont (Cayman) Ltd. is a holding company, which engages in the provision of global maritime shipping services through its subsidiaries. Its services include time chartering and vessel management. The company was founded on July 4, 2023 and is headquartered in Hong Kong.