Certain Common Stock of 1stdibs.Com, Inc. are subject to a Lock-Up Agreement Ending on 7-DEC-2021.
December 06, 2021
Share
Certain Common Stock of 1stdibs.Com, Inc. are subject to a Lock-Up Agreement Ending on 7-DEC-2021. These Common Stock will be under lockup for 181 days starting from 9-JUN-2021 to 7-DEC-2021.
Details:
All of the company's executive officers, directors, and director nominees and the holders of substantially all of the equity are subject to lock-up agreements with the underwriters of this offering that restrict the equity holders' ability to transfer shares of common stock, subject to certain exceptions, during the period ending 180 days following the date of this prospectus (the Restricted Period), provided, that the Restricted Period shall terminate upon the opening of trading on the third trading day immediately following the public release of earnings for the second quarter following the most recent period for which financial statements are included in this prospectus.
1stdibs.com, Inc. is an online marketplace for connecting design lovers with sellers and makers of vintage, antique and contemporary furniture, home decor, art, jewelry, watches and fashion. It provides its sellers access to a global community of buyers and a platform to facilitate e-commerce at scale. Its sellers use its platform to manage their inventory, build their digital marketing presence, and communicate and negotiate prices directly with buyers. It provides its buyers a purchase experience with its user-friendly interface. Its 1stDibs Promise provides a community of sellers from around the world; multiple payment options and a comprehensive fraud protection and prevention program; customer service support from dedicated specialists to answer questions, assist with orders, and stand ready to resolve any transaction or technical issues throughout the buying process; cancellations within 24 hours, and others. It has 6.3 million users and approximately 1.7 million listings.