at the record date some 3 months after listing you'll receive 1 'loyalty' option for every 2 shares you own, which you pay the company 25c to turn that option into a normal share. This loyalty option has a generous 5 year expiration.
It's done to incentivize IPO holders to NOT sell out early, therefore pushing the SP upwards with limited shares available.
The 'loyalty' term is little misleading as these options will be listed so anybody can purchase them at market value & also you can buy normal shares day before record date & you'll be given the 'loyalty' options.
