Certain Class B Ordinary Shares of Crown Proptech Acquisitions are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Class B Ordinary Shares will be under lockup for 182 days starting from 8-FEB-2021 to 9-AUG-2021.
The company, its sponsor and officers and directors have agreed that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of RBC Capital Markets, LLC for a period of 180 days after the date of this prospectus, any units, warrants, Class A ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, Class A ordinary shares; provided, however, that they may (1) issue and sell the private placement warrants; (2) issue and sell the additional units to cover their 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 private placement warrants and the Class A ordinary shares issuable upon exercise of the warrants and the founder shares; and (4) issue securities in connection with their initial business combination. However, the foregoing shall not apply to the forfeiture of any founder shares pursuant to their terms or any transfer of founder shares to any current or future independent director of the Company (as long as such current or future independent director transferee is subject to the terms of the letter agreement, filed herewith, at the time of such transfer; and as long as, to the extent any Section16 reporting obligation is triggered as a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). RBC Capital Markets, LLC, in its sole discretion may release any of the securities subject to these lock-up agreements at any time without notice.