Certain Common Stock of Bowman Consulting Group Ltd. are subject to a Lock-Up Agreement Ending on 3-NOV-2021.
November 02, 2021
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Certain Common Stock of Bowman Consulting Group Ltd. are subject to a Lock-Up Agreement Ending on 3-NOV-2021. These Common Stock will be under lockup for 181 days starting from 6-MAY-2021 to 3-NOV-2021.
Details:
Each of directors, executive officers and each of stockholders holding more than 5% of outstanding common stock have entered into lock-up agreements with the representative prior to the commencement of this offering pursuant to which each of these persons or entities, for a period of 180 days after the date of this prospectus, may not offer, sell, 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 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, grant any rights with respect to, directly or indirectly, any shares of common stock or securities convertible into or exchangeable for shares of common stock, enter into a transaction which would have the same effect or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the common stock, whether such aforementioned transaction is to be settled by delivery of the common stock or such other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap hedge or other arrangement, subject to specified exceptions.
Bowman Consulting Group Ltd. is a national engineering services company engaged in delivering infrastructure solutions to customers who own, develop, and maintain the built environment. It provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. It works as both a prime and sub-consultant for a broad base of public and private sector customers that generally operate in regulated environments. Its public sector assignments originate from customers that are transportation departments, utilities, government agencies (federal, state, and local), military branches, school systems, water authorities and other general infrastructure operators. Its private sector customers include owners and operators from multiple industries, such as investor-owned utilities, participants in the renewable energy and others.