Pheton Holdings Ltd Class A Ordinary Shares’ Quiet Period To End on October 15th (NASDAQ:PTHL)

Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) quiet period will expire on Tuesday, October 15th. Pheton Holdings Ltd Class A Ordinary Shares had issued 2,250,000 shares in its IPO on September 5th. The total size of the offering was $9,000,000 based on an initial share price of $4.00. During Pheton Holdings Ltd Class A Ordinary Shares’ quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end 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.

Pheton Holdings Ltd Class A Ordinary Shares Trading Up 7.0 %

Shares of NASDAQ:PTHL opened at $5.38 on Friday. Pheton Holdings Ltd Class A Ordinary Shares has a 1-year low of $3.32 and a 1-year high of $6.45.

About Pheton Holdings Ltd Class A Ordinary Shares

Pheton Holdings Ltd, a healthcare solutions provider, develops and commercializes treatment software and devices used for brachytherapy. The company’s proprietary treatment planning system is a radiation therapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors.