Kindly MD, Inc.’s (NASDAQ:KDLY) Lock-Up Period Will End on November 27th

Kindly MD’s (NASDAQ:KDLY) lock-up period is set to expire on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its 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 expiration 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 Stock Up 26.8 %

Kindly MD stock opened at $1.89 on Wednesday. The firm has a 50 day moving average of $1.10. Kindly MD has a twelve month low of $0.78 and a twelve month high of $4.20.

Hedge Funds Weigh In On Kindly MD

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Warberg Asset Management LLC acquired a new stake in shares of Kindly MD in the 2nd quarter valued at about $30,000. Torno Capital LLC bought a new position in shares of Kindly MD during the second quarter worth about $57,000. Finally, Townsquare Capital LLC acquired a new stake in Kindly MD in the 3rd quarter valued at approximately $736,000.

About Kindly MD

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.