Earlyworks Co., Ltd’s Quiet Period To Expire on September 4th (NASDAQ:ELWS)

Earlyworks’ (NASDAQ:ELWSGet Free Report) quiet period will expire on Monday, September 4th. Earlyworks had issued 1,200,000 shares in its initial public offering on July 25th. The total size of the offering was $6,000,000 based on an initial share price of $5.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Earlyworks Stock Performance

Shares of Earlyworks stock opened at $1.51 on Monday. Earlyworks has a 1 year low of $1.42 and a 1 year high of $4.23.

About Earlyworks

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Earlyworks Co, Ltd. operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens.

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