Certain Common Stock of Net Protections Holdings, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2022.
June 15, 2022
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Certain Common Stock of Net Protections Holdings, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2022. These Common Stock will be under lockup for 183 days starting from 15-DEC-2021 to 16-JUN-2022.
Details:
Advantage Partners V Investment Limited Partnership , AP Cayman Partners III-I, LP , AP Cayman Partners III, LP , Japan Fund V, LP and Advantage Partners Investment No. 67 Investment Limited Partnership , Shin Shibata and Shiro Suzuki, who are the sellers of domestic sales by accepting purchase transactions of underwriters, have signed a principal underwriting agreement with the Joint Global Coordinator, not to sell the common stock from the execution date to 360 days after the listing date (including the day).
The Company's shareholders Ricoh leasing Co., Ltd. JCB, York Asian Opportunities Investments Master Fund, LP , Tsunagu Investments Pte. Ltd., Sumitomo Mitsui Banking Corporation, York Japan Focused Master Fund, LP , Hakuhodo DY Holdings Inc. and Infcurion, Inc., the company's holders of stock acquisition rights Tokio Marine Mezzanine No. 1 Investment Limited Partnership, es Networks TaxCorporation, and 175 officers and employees of the Group have agreed with the Joint Global Coordinator not to sell the common stock (However, the Shares will be lent to the Underwriter for domestic sale by underwriting of the underwriter's purchase transaction, overseas sale, and domestic sale by over-allotment, and the sale of the Company's common stock based on the exercise of the Green Shoe Option. Etc.) from the date of signing the original underwriting contract until 180 days after the listing date.
Net Protections Holdings Inc is a Japan-based company mainly engaged in the settlement solutions business. The Company is mainly engaged in the settlement solutions business, offering the BNPL settlement service, which guarantees credit risk. The feature of this service is that customers can outsource a series of settlement-related operations as a one-stop service. Settlement-related operations include credit screening, invoicing, payment confirmation/cancellation, reminders/collections, and handling of bad debts, and there are specialized companies for each of these operations. In addition, as a comprehensive provider of BNPL payment services, it offers BNPL payment services regardless of the transaction type, such as individual, corporate, e-commerce (EC), and face-to-face sales. Its services include the services for business-to-consumer (B2C) transactions NP Postpaid, Atone, and Afty, and for business-to-business (B2B) transactions NP payment.
NET PROTECTIONS HOLDINGS, INC. 
