Certain Class B Ordinary Shares of North Atlantic Acquisition Corporation are subject to a Lock-Up Agreement Ending on 22-JUL-2021. These Class B Ordinary Shares will be under lockup for 181 days starting from 22-JAN-2021 to 22-JUL-2021.

Details:
The sponsor and officers and directors have agreed that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of Wells Fargo Securities, LLC and BTIG, LLC for a period of 180 days after the date of the prospectus, any units, warrants, Class A ordinary shares or any other securities convertible into, or exercisable, or exchangeable for Class A ordinary shares, subject to certain exceptions.

The initial shareholders have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereof until the earlier to occur of one year after the completion of initial business combination or the date on which the company completes a liquidation, merger, share exchange or other similar transaction after the initial business combination that results in all the shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.