Shares of KNOWLEDGE ATLAS (02513) experienced a sharp decline intraday, plummeting 5.08%.
The drop comes amid market concerns over an upcoming expiration of lock-up shares. According to a Reuters report, Knowledge Atlas Technology will see 25.6 million shares, representing nearly 6% of its outstanding shares, freed from a six-month cornerstone investor lock-up this week. Analysts note that such events can create liquidity headwinds and selling pressure, particularly for stocks like Knowledge Atlas that have seen substantial gains since listing. The report also highlighted that historically, prices tend to dip following such lock-up expirations.
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