Moore Threads shares plunge 20%, company cites lock-up expiry

The sharp single-day decline underscores the market's sensitivity to supply shocks from lock-up expiries, even when the unlocking is procedurally disclosed. The 85% expansion in float is a material structural shift in liquidity, and the initial reaction suggests that pre-announced mechanics were not fully priced in by holders. Whether the sell-off is a one-day correction or a re-rating of the stock's float-adjusted value is the key question, as it may influence how future lock-ups at other recent IPOs are treated by the market.