Certain Class B Ordinary Shares of Qell Acquisition Corp. are subject to a Lock-Up Agreement Ending on 3-APR-2021. These Class B Ordinary Shares will be under lockup for 185 days starting from 30-SEP-2020 to 3-APR-2021.

Details:
The company's sponsor, officers and directors have agreed that, for a period of 185 days from the date of this prospectus, they will not, without the prior written consent of J.P. Morgan Securities LLC and Barclays Capital Inc., offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, warrants, Class A ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, Class A ordinary shares; provided, however, that they may (i) issue and sell the private placement warrants, (ii) issue and sell the additional units to cover our underwriters' option to purchase additional units (if any), (iii) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, the resale of the founder shares and the private placement warrants or the warrants and Class A ordinary shares issuable upon exercise of the warrants and (iv) issue securities in connection with an initial business combination, including the forward purchase securities.