Certain Class B Ordinary Shares of Authentic Equity Acquisition Corp. are subject to a Lock-Up Agreement Ending on 13-JUL-2021. These Class B Ordinary Shares will be under lockup for 180 days starting from 14-JAN-2021 to 13-JUL-2021.

Details:
Sponsor and officers and directors have agreed that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of Jefferies LLC and BMO Capital Markets Corp., offer, sell, contract to sell, grant any option to sell (including any short sale), hypothecate, pledge, transfer, establish or increase a put equivalent position or decrease a call equivalent position within the meaning of Rule 16a-1 under the Exchange Act, as amended, or otherwise dispose of, directly or indirectly, any units, warrants, Ordinary Shares or any other securities convertible into, or exercisable, or exchangeable for, Ordinary Shares, or publicly announce any intention to effect any such transaction; provided, however, that company may (1) issue and sell the Private Placement Warrants, (2) issue and sell the additional units to cover underwriters' over-allotment option (if any), (3) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, the resale of the Founder Shares and the Private Placement Warrants and the securities underlying the foregoing or the warrants and Class A ordinary shares issuable upon exercise of the warrants, and (4) issue securities in connection with an initial business combination. Jefferies LLC and BMO Capital Markets Corp., in their sole discretion, may release any of the securities subject to these lock-up agreements at any time without notice.