Pheton Holdings Ltd Class A Ordinary Shares’ Quiet Period To End Tomorrow (NASDAQ:PTHL)

Pheton Holdings Ltd Class A Ordinary Shares’ (NASDAQ:PTHL) quiet period will end on Tuesday, October 15th. Pheton Holdings Ltd Class A Ordinary Shares had issued 2,250,000 shares in its public offering 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, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates 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.

Pheton Holdings Ltd Class A Ordinary Shares Price Performance

Pheton Holdings Ltd Class A Ordinary Shares stock opened at $5.38 on Monday. Pheton Holdings Ltd Class A Ordinary Shares has a twelve month low of $3.32 and a twelve month high of $6.45.

Pheton Holdings Ltd Class A Ordinary Shares Company Profile

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.