Certain Common Stock of Mission Produce, Inc. are subject to a Lock-Up Agreement Ending on 30-MAR-2021.
March 29, 2021
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Certain Common Stock of Mission Produce, Inc. are subject to a Lock-Up Agreement Ending on 30-MAR-2021. These Common Stock will be under lockup for 181 days starting from 30-SEP-2020 to 30-MAR-2021.
Details:
The executive officers and directors and other existing security holders have agreed not to sell or transfer any common stock or securities convertible into, exchangeable for, exercisable for, or repayable with common stock, for 180 days after the date of the prospectus without first obtaining the written consent of BofA Securities, Inc. and J.P. Morgan Securities LLC.
Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.