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Jonathan Reyes, the Chief Compliance Officer of StartEngine Crowdfunding, Inc. (OTC:STGC), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On February 10, Reyes sold a total of 1,331 shares of StartEngine common stock. The sales were executed at prices ranging from $0.00 to $1.25 per share, amounting to a total transaction value of $1,463. The transaction comes as StartEngine’s stock trades at $0.15, near its 52-week low of $0.10, despite showing strong revenue growth of 90% in the last twelve months.
The transactions involved the sale of 1,171 shares at $1.25 per share and an additional 160 shares sold as bonus shares, which were priced at $0.00 per share. Following these transactions, Reyes holds 15,559 shares directly. According to InvestingPro, StartEngine maintains a healthy current ratio of 1.21, indicating adequate liquidity to meet short-term obligations.
These sales were conducted under an offering statement qualified under Regulation A, as noted in the filing. The bonus shares were defined within the same offering statement. InvestingPro subscribers can access additional insights and metrics to better understand StartEngine’s financial position and market performance.
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