Certain Units of Novo Tellus Alpha Acquisition are subject to a Lock-Up Agreement Ending on 26-JUL-2022. These Units will be under lockup for 181 days starting from 26-JAN-2022 to 26-JUL-2022.
Details:
The shareholders have agreed with the Joint Issue Managers, Joint Global Coordinators, Joint Bookrunners and Joint Underwriters that, subject to certain exemptions, from date of the Underwriting Agreement until the date falling six months from the completion of the initial business combination, we will not, without the prior written consent of the Joint Issue Managers, Joint Global Coordinators, Joint Bookrunners and Joint Underwriters, directly or indirectly, among others, allot, offer, issue, sell, contract to issue, grant an option, warrant or other right to subscribe or purchase,any Shares.
In addition, to demonstrate further alignment of interest with Shareholders, the Sponsor has given an undertaking to the Joint Issue Managers, Joint Global Coordinators, Joint Bookrunners and Joint Underwriters that, subject to certain exceptions, from the day immediately following the end of the First Lock-up Period until the date falling six months after the First Lock-up Period (both dates inclusive) (ôSecond Lock-up Periodö), it will not, without the prior written consent of the Joint Issue Managers, Joint Global Coordinators, Joint Bookrunners and Joint Underwriters, directly or indirectly (i) issue, offer, pledge, sell, contract to sell, grant any option, right, warrant or contract to purchase, lend, hypothecate, grant security over or encumber (whether by way of mortgage, assignment of rights, charge, pledge, pre-emption rights, rights of first refusal or otherwise), or otherwise transfer or dispose of, directly or indirectly any of its interest in the Founder Shares, (including any interests or any securities convertible into or exercisable or exchangeable for or which carry rights to subscribe or purchase any Founder Shares).