TigerLogic Corp.’s (OTCMKTS:TIGR) Lock-Up Period Will End Tomorrow

TigerLogic’s (OTCMKTS:TIGR) lock-up period is set to end on Monday, September 16th. TigerLogic had issued 13,000,000 shares in its IPO on March 20th. The total size of the offering was $104,000,000 based on an initial share price of $8.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

OTCMKTS TIGR opened at $4.70 on Friday. TigerLogic has a 52 week low of $3.71 and a 52 week high of $23.89. The stock has a 50-day moving average price of $4.42.

TigerLogic (OTCMKTS:TIGR) last posted its earnings results on Friday, August 23rd. The software maker reported ($0.01) EPS for the quarter. The business had revenue of $12.90 million for the quarter.

About TigerLogic

TigerLogic Corporation is engaged in the design, development, sale and support of Postano, a socialmedia content aggregation and visualization platform. Postano is sold through the Company’s sales personnel located in the United States, as well as through co-marketing arrangements with third parties.

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