Treasure Global Inc entered into a lock-up agreement with certain stockholders to stabilize the stock price and enhance investor confidence.
Shareholders are restricted from disposing of shares or engaging in transactions affecting the company's common stock for one year.
Exceptions for transfers include gifts to family members or entities with the undersigned's equity holders.
Restriction Period
Shareholders are bound by restrictions on selling or disposing of Common Stock for one year.
Transfer Conditions
Strict criteria must be met for any transfers during the Restriction Period, including no reports to the SEC.
Exceptions
Limited exceptions allow for transfers to immediate family members or specific business entities.
- The lock-up agreement aims to provide stability to Treasure Global Inc's stock price and boost long-term stock value.
- It demonstrates the company's commitment to investor confidence and strategic management of shareholder actions.
The Lock-Up Agreement underscores Treasure Global Inc's proactive approach to maintaining stock stability and enhancing shareholder trust. The restrictions and exceptions outlined aim to protect long-term stock value.