AGBA Confirms Self-Imposed Lockup Of Two Significant Shareholders; Represented That They Will Not Sell Their AGBA Shares For The Next Three Months. These Two Shareholders Collectively Hold ~7.11% Of AGBA's Share Capital
Portfolio Pulse from Benzinga Newsdesk
AGBA Group Holding Limited has confirmed a self-imposed lockup of all shares held by two significant shareholders, AGBA Holdings Limited and Apex Twinkle Limited, who collectively hold 7.11% of AGBA's share capital. They have committed not to sell their shares for the next three months. AGBA's majority shareholder, TAG Holdings Limited, holds an 82.3% stake in the company and has not sold any shares since AGBA's listing in November 2022.
October 04, 2023 | 1:19 pm
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AGBA's two significant shareholders, holding 7.11% of share capital, have committed to a self-imposed lockup for the next three months. This could potentially stabilize the stock price in the short term.
The commitment from two significant shareholders not to sell their shares for the next three months could reduce the selling pressure on AGBA's stock, potentially stabilizing its price in the short term. However, the overall impact on the stock price will also depend on other factors such as the company's performance and market conditions.
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