Certain Shares of MIPS AB are subject to a Lock-Up Agreement Ending on 23-MAR-2018.
March 22, 2018
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Certain Shares of MIPS AB (publ) are subject to a Lock-Up Agreement Ending on 23-MAR-2018. These Shares will be under lockup for 365 days starting from 23-MAR-2017 to 23-MAR-2018.
Details:
The company's shareholding senior executives and board members will enter into undertakings, for a period of 365 days following the commencement of trading on Nasdaq Stockholm.
Pursuant to the placing agreement, the selling shareholders will undertake, with certain exceptions, not to sell their respective shareholdings for a period of 180 days following the commencement of trading on Nasdaq Stockholm.
Mips AB is a Sweden-based company, which specializes in helmet safety and brain protection. The Company offers its MIPS Brain Protection System (BPS) that implies solutions protecting against rotational motion transferred to the brain from angled impacts to the head. BPS is designed to add protection in helmets due to the low friction layer, which enables a relative movement between the head and the helmet, mimicking the brainâs own protection system. The technology implements into bicycle, snow, motorcycle and equestrian helmets. More than 40 helmet brands use BPS, including Bell, Fox Head, Giro, Scott, Smith and Trek, among others. The Company determines only one segment as operations solely comprise sales of the component kit included in consumer products.
MIPS AB 
