XTALPI's stock price soared 5.03% during Tuesday's intraday trading session following a significant announcement from the company's leadership team.

The surge came after the company revealed that its three co-founders and executive directors have voluntarily extended their share lock-up commitment by an additional twelve months. This move covers approximately 555.17 million restricted shares, representing around 12.9% of the company's issued share capital, and is intended to express confidence in the company's long-term value.

Market analysts view this voluntary lock-up extension as a strong signal of insider conviction that removes near-term concerns about potential selling pressure from company insiders. The announcement was particularly reassuring to investors following recent selling pressure in the stock.