114,796,934 Ordinary Shares of Bullish are subject to a Lock-Up Agreement Ending on 9-FEB-2026. These Ordinary Shares will be under lockup for 181 days starting from 12-AUG-2025 to 9-FEB-2026.

Details:
Directors and officers and certain of existing shareholders, representing 114,796,934 shares of Ordinary Shares, have agreed, subject to limited exceptions, not to sell or otherwise transfer any of Ordinary Shares or securities convertible into, exchangeable for, exercisable for or repayable with Ordinary Shares, for a period of 180 days after the date of this prospectus without the prior written consent of the representatives.