Escrow Watch is Stockhead’s fortnightly recap of the small cap companies releasing shares that have been locked away in escrow.

Escrow refers to shares that are held by early investors or directors restrained from selling for a year or two.

The release of escrowed shares can have a big impact on a stock’s price. If the holders choose to take up their right to sell – the shares you own can fall.

In the next fortnight 12 small caps are releasing over 313 million shares between them.

Code Company Date of Release Shares % of company
RVS Revasum 4 December 56,985 0.07%
HMD HeraMED 5 December 8,277,494 9.40%
PKD PARKD 6 December 36,150,000 48%
OTW Over the Wire 6 December 567,392 1.10%
ROO Roots Sustainable Agricultural Technologies 6 December 18,758,654 16.26%
RHY Rhythm Biosciences 7 December 38,500,000 38.21%
APX Appen 9 December 1,115,130 0.90%
SPX Spectrum Metals 9 December 146,818,182 10.60%
OSX Osteopore 11 December 6,317,294 6.20%
P2P P2P Transport 13 December 27,840,000 29.65%
CWX Carawine Resources 13 December 2,289,257 2.96%
GEV Global Energy Ventures 15 December 2,769,234 0.07%

The company releasing the most shares is gold explorer Spectrum Metals (ASX:SPX). It began this financial year at 2.1c but now sits at 7.8c.

This coming Monday it is releasing over 146 million shares from escrow.

The company releasing the most as a portion of shares on the market is car park solutions provider PARKD (ASX:PKD). It is releasing 48 per cent of its share capital, or 36 million shares.

Another company dropping a big pile of stock is Rhythm Biosciences (ASX:RHY). The 38.5 million shares being released amount to 38 per cent of the company.

Rhythm is trying to develop an alternative test for colorectal cancer – a blood test at your GP rather than providing a stool sample and mailing it to be checked.

Roots Sustainable Agricultural Technologies (ASX:ROO), one of the few small caps involved with plant based meat, is releasing over 18 million shares representing 16 per cent.

And Osteopore (ASX:OSX), which only listed in September and has become a three-bagger, is releasing 6.2 per cent of its shares from escrow.