Certain Warrants of Blend Labs, Inc. are subject to a Lock-Up Agreement Ending on 12-JAN-2022.
January 11, 2022
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Certain Warrants of Blend Labs, Inc. are subject to a Lock-Up Agreement Ending on 12-JAN-2022. These Warrants will be under lockup for 181 days starting from 15-JUL-2021 to 12-JAN-2022.
Details:
The directors, executive officers and holders of a substantial majority of all of the capital stock and securities convertible into the capital stock have entered or will enter into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each of these persons or entities, with limited exceptions, for a period of time up to 180 days after the date of this prospectus, may not, without the prior written consent of Goldman Sachs & Co. LLC and Allen & Company LLC, offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of the Class A common stock or any securities convertible into or exercisable or exchangeable for the Class A common stock including, without limitation, Class A common stock or such other securities which may be deemed to be beneficially owned by such directors, executive officers, and stockholders in accordance with the rules and regulations of the SEC and securities which may be issued upon exercise of a stock option or warrant, enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Class A common stock or such other securities, or publicly disclose the intention to do any of the foregoing, whether any such transaction is to be settled by delivery of Class A common stock or such other securities, in cash or otherwise.
Blend Labs, Inc. provides a cloud-based software platform and a suite of products for financial providers to transform consumer banking experiences and streamline workflows for their teams. The Company operates through two segments: Blend Platform, and Title. The Blend Platform segment comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The Blend Platform segment also includes a software platform, called Blend Builder Platform, which offers a set of low-code, drag-and-drop design tools, modular components, and integrations to allow its customers to create and deploy their own new product offerings. The Title segment comprises a suite of title products and services, such as instant title and other title search options, insurance solutions, closing and settlement services, including mobile signing and e-sign capabilities, and various post-closing solutions, such as disbursement and recording handling.