Hedging Included. The foregoing restriction also prohibits each Specified Investor from engaging in any hedging or other transaction during the Lock-up Period which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of such Specified Investor’s Transaction Common Shares even if such Transaction Common Shares would be disposed of by someone other than the Specified Investor. Such prohibited hedging or other transactions during such periods would include any short sale or any purchase, sale or grant of any right (including any put or call option) with respect to any of such Specified Investor’s Transaction Common Shares or with respect to any security that includes, relates to or derives any significant part of its value from such Transaction Common Shares.
Appears in 4 contracts
Samples: Investor Rights Agreement (Vintage Wine Estates, Inc.), Investor Rights Agreement (Bespoke Capital Acquisition Corp), Investor Rights Agreement (Bespoke Capital Acquisition Corp)
