Certain Common Stock of Paltalk, Inc. are subject to a Lock-Up Agreement Ending on 2-FEB-2022.
February 01, 2022
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Certain Common Stock of Paltalk, Inc. are subject to a Lock-Up Agreement Ending on 2-FEB-2022. These Common Stock will be under lockup for 184 days starting from 2-AUG-2021 to 2-FEB-2022.
Details:
The company's officers and directors, and certain holders of 3% or more of the outstanding shares of common stock as of the effective date of the registration statement of which this prospectus forms a part, have entered into customary lock up agreements in favor of Maxim pursuant to which such persons and entities have agreed, for a period of six months after the offering is completed, that they shall neither offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any the securities without Maxim's prior written consent, including the issuance of shares of common stock upon the exercise of currently outstanding options approved by Maxim.
Paltalk, Inc. is a communications software provider that powers multimedia social applications. Its products include Paltalk, Camfrog, ManyCam, Tinychat and Vumber. Paltalk and Camfrog are both available on Windows, Mac OS, iOS, Android and other tablet devices. Together, these products power a collection of video-based communities, with technology to host thousands of simultaneous live group conversations on topics such as politics, financial markets, music and dating, among others. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing apps and distance learning tools. Vumber is a telecommunications services provider that enables users to communicate privately by having multiple phone numbers with any area code through which calls can be forwarded to a user's existing telephone number. Tinychat is Web-based, enables adaptations of its video technology and does not require a download.