Certain Common Stock of Montauk Renewables, Inc. are subject to a Lock-Up Agreement Ending on 20-JUL-2021.
July 19, 2021
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Certain Common Stock of Montauk Renewables, Inc. are subject to a Lock-Up Agreement Ending on 20-JUL-2021. These Common Stock will be under lockup for 180 days starting from 21-JAN-2021 to 20-JUL-2021.
Details:
The Montauk Holdings Limited and holders of substantially all of its stockholders have agreed they will not, subject to certain exceptions offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of capital stock or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, whether any transaction is to be settled by delivery of its common stock or such other securities, in cash or otherwise during the period ending 180 days following the date of the prospectus, without the prior written consent of Roth Capital Partners, LLC.
The directors and executive officers have agreed they will not, subject to certain exceptions offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of capital stock or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, whether any transaction is to be settled by delivery of its common stock or such other securities, in cash or otherwise during the period ending 180 days from the date of this prospectus, without the prior written consent of Roth Capital Partners, LLC.
Montauk Renewables, Inc. is a renewable energy company, which is engaged in specializing in the management, recovery and conversion of biogas into Renewable Natural Gas (RNG). The Company's segments include Renewable Natural Gas and Renewable Electricity Generation. The Companyâs Renewable Natural Gas segment includes the production of RNG. The Renewable Electricity Generation segment includes generation of electricity at biogas-to-electricity plants. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid. The Company is engaged in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at approximately 15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas.