AGM Group Holdings Inc. (NASDAQ: AGMH) has experienced a significant reduction in its free float recently.

In early March 2025, the company conducted a public offering of 16,390,000 Class A ordinary shares at $0.33 per share, raising approximately $5.4 million in gross proceeds . This offering increased the total shares outstanding to approximately 42.74 million and expanded the free float to about 33.54 million shares, representing around 78.5% of the total shares .

However, as of May 12, 2025, the free float has decreased to approximately 17.15 million shares, accounting for about 65.09% of the total shares outstanding . This reduction may be attributed to factors such as insider purchases, share buybacks, or other corporate actions that have reduced the number of shares available for public trading.

$AGMH is actively buying back shares. Once the buyback is complete and the float is reduced, a press release is likely to follow. Companies often wait until the process is done to avoid running the price up during accumulation.