Certain Common Stock of Recovery International Co.,Ltd. are subject to a Lock-Up Agreement Ending on 1-AUG-2022.
Details:
Shun Okawara, the seller and the lender, Junya Shibata, the seller and the stock acquisition right holder, and 5is Networks Co., Ltd., a shareholder of the Company, agreed not to sell the Company's shares during the period from the conclusion of the principal underwriting contract to August 1, 2022 , which is the 180th day after the listing (starting of trading) date (including the day) without prior written consent of the lead managing company.
In addition, the sellers , NVCC No. 7 Investment Limited partnership and Nissay Capital No. 6 Investment Limited Partnership, have agreed not to sell company shares (excluding sales made through the lead managing underwriter, which is more than 1.5 times the 1 Recruitment Guidelines) from the date of signing the principal underwriting agreement until May 3, 2022 , which is the 90th day after the listing date (including the day) without the prior written consent of the lead managing underwriter.