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Vladimir and Angelica Galkin, both identified as 10% owners of Newegg Commerce Inc (NASDAQ:NEGG), collectively purchased shares of the company’s common stock valued at $3,284,700. The timing is notable as the stock has shown remarkable momentum, with a 270% gain year-to-date and a market capitalization of $547 million, according to InvestingPro data. The purchases, executed on July 15, 2025, involved a series of transactions at prices ranging from $29.29 to $30.23 per share.
The filing indicates the Galkins acquired a total of 55,556 shares at $29.29, 30,504 shares at prices between $28.70 and $29.79 and 25,051 shares at prices between $30.10 and $30.80. Following these transactions, the Galkins directly own 2,555,555 shares of Newegg Commerce.
In other recent news, Newegg Commerce, Inc. announced that it has regained compliance with Nasdaq’s minimum bid price requirement. The company confirmed that its stock maintained a closing bid price of at least $1.00 per share for ten consecutive business days, from April 7, 2025, to April 21, 2025. This development addresses previous concerns regarding Newegg’s adherence to Nasdaq’s Listing Rule 5550(a)(2), which mandates maintaining a minimum bid price of $1.00 per share. As a result, Nasdaq has closed the issue, signaling Newegg’s ability to meet the financial standards required by the exchange. This compliance is seen as a positive development for maintaining investor confidence and the company’s presence on the capital market. Newegg’s announcement highlights its continued efforts to align with regulatory requirements and its commitment to its stakeholders. The information was shared in a press release from Newegg Commerce, Inc.
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