GMVD - NASDAQ IPO, page-34

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sos007sos

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23/10/20

16:55

Post #: 48343965
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Originally posted by uncle_elmer: ↑

I think it may now be 6 months lock-up....p.114 of the amended filing:

"In addition, our Amended and Restated Memorandum and Articles of Association to be in effect upon the consummation of this offering include a provision pursuant to which all of the holders of our outstanding shares immediately prior to this offering shall be restricted from transferring or otherwise disposing of any Ordinary Shares for a period of three months after the consummation of this offering. The Three Month Lock-Up does not apply to any new shares issued in this offering or thereafter. Pursuant to the underwriting agreement for this offering, we have further undertaken to convene and hold a general meeting of our shareholders (to be held within 75 days after this offering) where we will ask our shareholders to amend our Amended and Restated Memorandum and Articles of Association to extend the Three Month Lock-Up to a period of six months after the consummation of this offering. Certain members of our management and board of directors, including our Chief Executive Officer, who hold a total of 30,316,900 Ordinary Shares, have agreed to vote in favor of this amendment."

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OMG

3 months => 6months => 1 years => 2 years

Actually we can't sell GMV' shares on nasdaq?

Because we are 49%!

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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GMVD - NASDAQ IPO, page-34

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GMVD - NASDAQ IPO, page-34

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