Certain Common Stock of T&S inc. are subject to a Lock-Up Agreement Ending on 4-NOV-2020.
November 03, 2020
Share
Certain Common Stock of T&S inc. are subject to a Lock-Up Agreement Ending on 4-NOV-2020. These Common Stock will be under lockup for 89 days starting from 7-AUG-2020 to 4-NOV-2020.
Details:
In connection with this offering and sale by underwriting purchase transaction, the shareholder and seller of the Company, Teruo Watanabe, the shareholder and lender of the Company, Yoshihiro Takekawa, the shareholder and director of the Company, Rei Endo and Tomohiko Hasegawa, and shareholders of the Company, Satoru Kusaka, Hiroyuki Kusaka, Minoru Kimura, Aiko Kusaka, Kimiko Watanabe, Miki Yanoshita, Kazuki Watanabe and Nao Watanabe, have agreed with the lead managing company that they will not sell our shares without the prior written consent of the managing company during the period from the date of the original underwriting contract conclusion to the date of listing (starting trading) 90 days after the date (including the day) until November 4, 2020 (However, this does not include the lending of the Company's common stock for sale by the underwriter's purchase transaction or sale by over-allotment.). In addition, Etsuo Fukuda and Hiroshi Kinoshita, holders of the Company's stock acquisition rights and officers of the Company, have agreed with the lead managing company that during the lockup period, they will not sell the Company's stock acquisition rights or the Company's stock acquired through exercise of the stock acquisition rights without the prior written consent of the lead managing company.
T&S Group Inc, formerly T&S Inc is a Japan-based company principally engaged in the provision of system development and related services. The Company provides services through three categories. The solution category service is engaged in the consulting, requirements definition, design, development, testing, verification of systems for large companies and their affiliates without specifying the business domains. The semiconductor category service is engaged in the operation and maintenance of systems, as well as the operation support of information technology (IT) infrastructures in semiconductor factories. The advanced technology solution category service is engaged in the provision of services that utilizes the latest advanced technologies such as artificial intelligence (AI), image recognition, and hardware control to provide AI algorithm research and development support services related to cutting-edge technology, as well as contracted development of AI software.