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Ronald David Miller, a director and significant shareholder of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Miller sold a total of 20,128 shares on March 28, 2025. The sales were executed at prices ranging from $0.00 to $1.25 per share, amounting to a total transaction value of approximately $22,312. The transaction occurred as STGC trades at $0.15, near its 52-week low of $0.10, despite showing strong revenue growth of 90% in the last twelve months according to InvestingPro.
The shares were sold by The Ronald David Miller Trust, of which Miller is a trustee. Following these transactions, the trust retains ownership of 74,580,493 shares in StartEngine. The sales were part of an offering statement qualified under Regulation A, with some shares designated as Bonus Shares as defined in the offering statement. The company maintains a healthy current ratio of 1.21, indicating adequate liquidity to meet short-term obligations.
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