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

Kindly MD’s (NASDAQ:KDLY) lock-up period will expire on Wednesday, November 27th. Kindly MD had issued 1,240,910 shares in its IPO 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, major shareholders and company insiders will be able to sell their shares of the company.

Kindly MD Stock Performance

Shares of NASDAQ:KDLY opened at $1.89 on Wednesday. The company has a 50 day moving average price of $1.10. Kindly MD has a fifty-two week low of $0.78 and a fifty-two week high of $4.20.

Institutional Investors Weigh In On Kindly MD

Several hedge funds have recently bought and sold shares of the company. Warberg Asset Management LLC acquired a new position in shares of Kindly MD in the 2nd quarter valued at $30,000. Torno Capital LLC bought a new position in Kindly MD during the second quarter worth about $57,000. Finally, Townsquare Capital LLC acquired a new position in Kindly MD in the third quarter valued at about $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.