Certain Shares of Power Solutions, Ltd. are subject to a Lock-Up Agreement Ending on 29-DEC-2019.
December 28, 2019
Share
Certain Shares of Power Solutions, Ltd. are subject to a Lock-Up Agreement Ending on 29-DEC-2019. These Shares will be under lockup for 90 days starting from 30-SEP-2019 to 29-DEC-2019.
Details:
The shareholders and lenders, Narunobu Sato and Hiroyuki Kaneko, and our Company’s shareholders: Mirai Kikaku, LLC, Isseido LLC, Tadaro Takahashi, Shinjiro Oikawa, Hidekazu Kato, Yoshiaki Suzuki, Masato Katakura, Masaki Takahashi, Yasuo Kato, Keiko Ishigaki, Naomi Aoiki, Mitsuru Somego, Masatoshi Yamaguchi, Shungo Hijikata, Miharu Marumoto, Hiroyuki Ozaki, Shuichi Nakamura, Shizuko Kawashima, Keiichi Shimada, have agreed with the lead manager that they will not sell our common stock, during the period from the date of signing the former underwriting contract to the 180th day (March 28, 2020) after the listing date (including the current day), without the prior written consent of the lead manager.
Mizuho Growth Support Investment Limited Partnership, our shareholder, has agreed with the lead manager that it will not sell our common stock during the period from the date of signing the original underwriting contract to the 90th day (December 29, 2019) after the listing date (including the current day), without the prior written consent of the lead manager.
The Company has agreed with the lead manager that we will not conduct issuance of ordinary shares of the Company (including disposal of treasury shares), issuance of securities that are converted or exchanged for ordinary shares of the Company, or issuance of securities that are granted the right to acquire or receive ordinary shares of the Company, without prior written consent from the lead manager during the period from the date of signing the original underwriting contract to 180 days after the listing date (including the current day) (March 28, 2020)
Power Solutions, Ltd. is a Japan-based company mainly engaged in the technology solution business. The Company is mainly engaged in the provision of system integration services, outsourcing services and robotic process automation (RPA) related services. The system integration services are engaged in the provision of business consulting services, as well as the commissioned development, operation and maintenance of reporting related systems, compliance related systems and order related systems for asset management companies and other financial institutions. The outsourcing services are engaged in the provision of investment trust timely disclosure and statutory disclosure reporting services, investment trust report delivery services and airline ticket agency services. The RPA related services are engaged in the license sale and installation support of RPA software UiPath RPA Platform for corporations.