Certain warrants of Baudax Bio, Inc. are subject to a Lock-Up Agreement Ending on 1-FEB-2023. These warrants will be under lockup for 61 days starting from 2-DEC-2022 to 1-FEB-2023.

Details:
They and each of officers and directors have agreed with the Placement Agent to be subject to a lock-up period of 60 days following the date of closing of the offering pursuant to this prospectus. This means that, during the applicable lock-up period, and such persons may not offer for sale, contract to sell, sell, distribute, grant any option, right or warrant to purchase, pledge, hypothecate or otherwise dispose of, directly or indirectly, any of shares of common stock or any securities convertible into, or exercisable or exchangeable for, shares of common stock, subject to customary exceptions.