ADOMANI’s (NASDAQ:ADOM) lock-up period will expire on Tuesday, December 12th. ADOMANI had issued 2,852,275 shares in its initial public offering on June 15th. The total size of the offering was $14,261,375 based on an initial share price of $5.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Shares of ADOMANI (NASDAQ ADOM) opened at $3.00 on Thursday. ADOMANI has a one year low of $2.75 and a one year high of $18.31.
A hedge fund recently bought a new stake in ADOMANI stock. Jane Street Group LLC acquired a new stake in shares of ADOMANI, Inc. (NASDAQ:ADOM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,195 shares of the company’s stock, valued at approximately $106,000. 0.63% of the stock is currently owned by institutional investors and hedge funds.
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Adomani, Inc is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs, manufactures and installs conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, electric or hybrid drivetrain systems.
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