Examples of IPO Lockup in a sentence
If, however, Recipient is involuntarily terminated other than for Cause by Newco after the date of the IPO, but prior to the end of the IPO Lock-up Period, 50% of the Newco shares granted to Recipient shall nonetheless vest upon termination of employment and the remaining 50% of the restricted Newco common shares shall not vest and shall be forfeited by Recipient upon termination of employment.
Unless earlier amended, modified or waived pursuant to Section 11(a), the provisions of this Section 3(b) shall terminate on the earlier of (i) if the 60-day VWAP on the 365th day following the date of expiration of the IPO Lock-up Period (the “Early Lock-up Termination Date”) is greater than or equal to twice the price per share of the Common Equity set forth on the registration statement for the initial Public Offering, the Early Lock-up Termination Date and (ii) the Additional Lock-up Termination Date.
A Participant may not transfer, assign or otherwise dispose of, or grant any rights over or by reference to, any Shares subject to an Award, or any rights in respect thereof (or similar) prior to the later of: (i) the Award Vesting in respect of such Shares; and (ii) the occurrence of either: (a) the expiry of an IPO Lock-up Period in connection with an IPO or SPAC Transaction; or (b) subject to rule 4.2.1 and 4.2.2 (Exit), an Exit.
At any time beginning on the date of expiration of the IPO Lock-up Period to but excluding the one-year anniversary of the closing of the initial Public Offering, a Majority in Interest of the Principal Investors may request registration under the Securities Act of all or any portion of their Registrable Securities on Form S-1 or any similar long-form registration statement (“Long-Form Registrations”).
All stockholders of the Company who entered into lockup agreements (the “IPO Lockup Agreements“) with the underwriters of the Company’s initial public offering have received all required releases from such IPO Lockup Agreements necessary in order to allow such stockholders to tender their Shares to Parent pursuant to the Offer.
Growth Strategies of Entrepreneurial Firms after Going Public: A European Perspective Wolfgang Bessler, University of GiessenJan Zimmermann, University of Giessen Financial Analysts, Venture Capitalists, and the Expiration of IPO Lockup Provision Yuan Gao, George Mason University The Sarbanes-Oxley Act and the Valuation of IPO Firms Heather Rhodes, University of AlabamaJames A.
The IPO Lock-up Agreements entered into by our shareholders at the time of the initial public offering expired on July 24, 2002.
Zuber, 2001, "The Behavior of Stock Returns Around IPO Lockup Expirations," American Society of Business and Behavioral Sciences (Accounting and Finance) Proceedings, 197-207.Lamb, Reinhold P., 1997, Textbook Review (Corporate Finance: A Valuation Approach by Simon Z.
The IPO Lock-up Agreements entered into by the supervisory board and the management board, each as it was constituted at the time of the IPO, will expire on July 24, 2003.
In order to appreciate the heterogeneity and complexity of UK IPO lockups, we present below some examples from IPO prospectuses in UK.2.2.1 Examples of UK IPO Lockup Agreements As discussed above, UK lockups could be of absolute expiry, relative expiry and finally staggered lockups with multiple expiry dates.