YayYo’s (NASDAQ:YAYO) Quiet Period Will Expire on December 23rd

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YayYo’s (NASDAQ:YAYO) quiet period will expire on Monday, December 23rd. YayYo had issued 2,625,000 shares in its initial public offering on November 13th. The total size of the offering was $10,500,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Shares of NASDAQ YAYO traded up $0.04 during trading on Monday, hitting $1.22. The company had a trading volume of 633,374 shares, compared to its average volume of 382,647. YayYo has a fifty-two week low of $1.07 and a fifty-two week high of $4.36.

YayYo (NASDAQ:YAYO) last announced its earnings results on Monday, December 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $1.72 million for the quarter.

About YayYo

YayYo, Inc, through its subsidiaries, engages in developing vehicle rental platform in the United States. It operates Rideshare Platform, an online peer-to-peer booking platform that rents standard passenger vehicles to self-employed ridesharing drivers; and manages a fleet of standard passenger vehicles to be rented directly to drivers in the ridesharing economy through the Rideshare Platform.

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