Certain Restricted Stock Units of Asure Software, Inc. are subject to a Lock-Up Agreement Ending on 15-NOV-2023.
November 14, 2023
Share
Certain Restricted Stock Units of Asure Software, Inc. are subject to a Lock-Up Agreement Ending on 15-NOV-2023. These Restricted Stock Units will be under lockup for 91 days starting from 16-AUG-2023 to 15-NOV-2023.
Details:
Directors and executive officers have entered, or will enter, into lock-up agreements with the representatives prior to the commencement of this offering pursuant to which each of these persons, for a period of 90 days after the date of this prospectus supplement, may not, as the case may be and subject to certain exceptions, issue, offer, sell, assign, lend, contract to sell (including any short sale), pledge, hypothecate, establish an open ?put equivalent position? within the meaning of Rule 16a-1(h) under the Securities Exchange Act of 1934, as amended (the ?Exchange Act?), grant any option, right or warrant for the sale of, purchase any option or contract to sell, sell any option or contract to purchase, or otherwise encumber, dispose of or transfer, or grant any rights with respect to, directly or indirectly, any shares of Common Stock, any options or warrants to purchase any shares of Common Stock or securities convertible into or exchangeable for or that represent the right to receive shares of Common Stock.
Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software solutions delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses. Its HCM suite, AsureHCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software and Asure Marketplace as well as human resources (HR) services ranging from HR projects to completely outsourcing payroll and HR staff. AsureMarketplace automates interactions between its HCM systems with third-party providers and extend the range of services offered to employers and their employees. It offers these services directly and indirectly through its network of reseller partners. It provides three levels of HR services: HR support, which provides an on-demand HR resource library, phone and email support for any HR issues and compliance and policy updates; Strategic HR, which provides more in-depth support for strategic HR decision making, and Total HR that offers a complete HR outsourcing solution.