Lobo EV Technologies Ltd.’s Quiet Period Set To Expire on April 30th (NASDAQ:LOBO)

Lobo EV Technologies’ (NASDAQ:LOBO) quiet period is set to end on Tuesday, April 30th. Lobo EV Technologies had issued 1,380,000 shares in its IPO on March 21st. The total size of the offering was $5,520,000 based on an initial share price of $4.00. During Lobo EV Technologies’ quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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.

Lobo EV Technologies Stock Down 3.9 %

LOBO opened at 2.96 on Tuesday. Lobo EV Technologies has a 52 week low of 2.43 and a 52 week high of 5.79.

Lobo EV Technologies Company Profile

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People's Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.