Certain Series B Common Stock of Klaviyo, Inc. are subject to a Lock-Up Agreement Ending on 18-MAR-2024.
March 17, 2024
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Certain Series B Common Stock of Klaviyo, Inc. are subject to a Lock-Up Agreement Ending on 18-MAR-2024. These Series B Common Stock will be under lockup for 181 days starting from 19-SEP-2023 to 18-MAR-2024.
Details:
Officers, directors, and holders of substantially all of our Series A common stock, including the selling stockholders, have agreed with the underwriters, subject to certain exceptions, not to dispose of or hedge any of their shares of our Series A common stock or securities convertible into or exchangeable for shares of our Series A common stock during the period from the date of this prospectus continuing through the date 180 days after the date of this prospectus.
Klaviyo, Inc. provides businesses with technology that captures, stores, analyzes, and predictively uses their own data to drive measurable outcomes. It provides software that brings consumers' first-party data together and uses it to create and deliver personalized consumer experiences across digital channels. Its Software as a Service (SaaS) platform combines its data and application layers into one vertically integrated solution with advanced machine learning and artificial intelligence capabilities. This enables business users of any skill level to harness their data in order to send the right message at the right time across email, SMS, and push notifications, measure and predict performance, and deploy the specific actions and campaigns that drive the highest impact. It is focused on marketing automation within e-commerce as its first application use case. It integrates its data layer and marketing application enabling businesses to create and store unified consumer profiles.