The GrowHub Limited’s Lock-Up Period Will End on February 24th (NASDAQ:TGHL)

GrowHub’s (NASDAQ:TGHL) lock-up period will expire on Tuesday, February 24th. GrowHub had issued 3,750,000 shares in its public offering on August 28th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of GrowHub in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GrowHub currently has a consensus rating of “Sell”.

GrowHub Stock Down 7.3%

Shares of TGHL stock opened at $0.32 on Tuesday. The business’s fifty day moving average is $0.39. GrowHub has a 1-year low of $0.29 and a 1-year high of $4.25.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.