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BURBANK, CA—Miller Lee, a ten percent owner of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), has sold shares of the company’s common stock, according to a recent SEC filing. On May 27, 2025, Lee sold a total of 45,059 shares, with the transactions valued at approximately $49,617. The shares were sold at prices ranging from $0.00 to $1.25 per share. The sale comes as STGC trades near its 52-week low of $0.10, despite posting impressive revenue growth of 148% in the last twelve months. The company maintains a healthy liquidity position with a current ratio of 2.27.Get deeper insights into STGC’s financial health and access 8 more exclusive InvestingPro tips.
Following these transactions, Lee’s trust, The Lee Miller Trust UA 09/05/2020, holds 74,535,434 shares of StartEngine Crowdfunding. The sales were executed as part of an offering statement qualified under Regulation A, with some shares categorized as Bonus Shares as defined in the offering statement.
In other recent news, Scandinavian Tobacco Group reported a modest 1.3% increase in first-quarter group revenue, reaching DKK 2.0 billion. This growth fell short of Deutsche Bank (ETR:DBKGn)’s expectation of a 6.5% increase. The revenue boost was driven by the acquisition of Mac Baren and a significant 41% rise in XQS product sales. However, the company faced an 8.8% organic revenue decline, which was more severe than Deutsche Bank’s forecast of a 1.5% decline. This drop was attributed to reduced consumption of handmade cigars in the United States, the end of online ZYN distribution in the US, and temporary supply chain issues from SAP implementation in Europe.
Scandinavian Tobacco Group’s adjusted EBITDA decreased by 5.3% to DKK 317 million, with a margin contraction of approximately 110 basis points. The adjusted earnings per share also fell by about 15% to DKK 1.5, missing both Bloomberg’s consensus estimate of DKK 2.07 and Deutsche Bank’s estimate of DKK 2.1. In response to these developments, Deutsche Bank analyst Damian McNeela lowered the company’s stock price target to DKK90 from DKK103, while maintaining a Hold rating. The report reflects a cautious outlook on the company’s short-term financial prospects due to various challenges.
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