FBS Global Limited’s Lock-Up Period Will Expire on August 5th (NASDAQ:FBGL)

FBS Global’s (NASDAQ:FBGL) lock-up period will end on Tuesday, August 5th. FBS Global had issued 2,250,000 shares in its public offering on February 6th. The total size of the offering was $10,125,000 based on an initial share price of $4.50. After the end of FBS Global’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

FBS Global Stock Down 3.5%

FBS Global stock opened at $0.67 on Thursday. FBS Global has a twelve month low of $0.44 and a twelve month high of $5.45. The stock’s 50 day moving average is $0.63. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.03.

FBS Global Company Profile

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG.