--- title: "Mega Fortune Company Limited's Lock-Up Period Will End on January 12th (NASDAQ:MGRT)" type: "News" locale: "en" url: "https://longbridge.com/en/news/271468107.md" description: "Mega Fortune Company Limited's lock-up period will end on January 12th, allowing insiders to sell shares. The company issued 3,750,000 shares in its IPO on July 16th, totaling $15 million at an initial price of $4.00. Currently, Mega Fortune has a Sell rating from analysts, with the stock down 4.1% and trading at $7.20. The company operates as a holding entity in the Cayman Islands, focusing on IoT solutions in Hong Kong." datetime: "2026-01-05T06:08:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271468107.md) - [en](https://longbridge.com/en/news/271468107.md) - [zh-HK](https://longbridge.com/zh-HK/news/271468107.md) --- # Mega Fortune Company Limited's Lock-Up Period Will End on January 12th (NASDAQ:MGRT) Mega Fortune's (NASDAQ:MGRT - Get Free Report) lock-up period is set to end on Monday, January 12th. Mega Fortune had issued 3,750,000 shares in its IPO on July 16th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. After the end of Mega Fortune's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted. ## Analyst Ratings Changes Several research analysts recently commented on the stock. Wall Street Zen raised shares of Mega Fortune to a "hold" rating in a research note on Saturday, December 27th. Weiss Ratings started coverage on shares of Mega Fortune in a research note on Thursday, October 9th. They issued a "sell (e-)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mega Fortune has an average rating of "Sell". **Read Our Latest Report on MGRT** ## Mega Fortune Stock Down 4.1% MGRT stock opened at $7.20 on Monday. Mega Fortune has a 1-year low of $1.50 and a 1-year high of $14.50. The company has a 50-day moving average price of $6.55. ## About Mega Fortune (Get Free Report) We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong. ## Read More - Five stocks we like better than Mega Fortune - Elon Taking SpaceX Public! $100 Pre-IPO Opportunity! - Do not delete, read immediately - The $100 Trillion AI Story No One Is Telling You - 3 Overlooked Deductions to Help Potentially Minimize Capital Gains Tax - First Time Since 2007: All Warnings Active _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Mega Fortune Right Now? Before you consider Mega Fortune, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mega Fortune wasn't on the list. While Mega Fortune currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [MGRT.US](https://longbridge.com/en/quote/MGRT.US.md) ## Related News & Research - [How Mega Fortune stock tripled this week](https://longbridge.com/en/news/282238190.md) - [Mega Fortune Company Limited (NASDAQ:MGRT) Short Interest Update](https://longbridge.com/en/news/276983047.md) - [Fortune Minerals Secures Waste Disposal Partner for Planned Alberta Refinery](https://longbridge.com/en/news/282073469.md) - [ZAWYA: Italy's Eni announces mega offshore gas discovery in Egypt](https://longbridge.com/en/news/281886351.md) - [Intel to join Musk's Terafab mega AI chip project](https://longbridge.com/en/news/281892666.md)