DarkIris’ (NASDAQ:DKI – Get Free Report) lock-up period will expire on Wednesday, February 4th. DarkIris had issued 1,500,000 shares in its IPO on August 8th. The total size of the offering was $6,000,000 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 expiration of the lock-up period.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on DarkIris in a report on Saturday, November 1st. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on DKI
DarkIris Trading Down 5.0%
Hedge Funds Weigh In On DarkIris
An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC purchased a new position in shares of DarkIris Inc. (NASDAQ:DKI – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned about 0.19% of DarkIris as of its most recent SEC filing.
About DarkIris
DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.
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