Primech Holdings Ltd.’s (NASDAQ:PMEC) Lock-Up Period Set To End Tomorrow

Primech’s (NASDAQ:PMEC) lock-up period will end on Monday, April 8th. Primech had issued 3,050,000 shares in its initial public offering on October 10th. The total size of the offering was $12,200,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Primech Stock Down 14.2 %

NASDAQ PMEC opened at $0.76 on Friday. The business has a 50-day simple moving average of $2.36. Primech has a twelve month low of $0.74 and a twelve month high of $4.18.

Primech Company Profile

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.