Certain Restricted Stock Units of TransAct Technologies Incorporated are subject to a Lock-Up Agreement Ending on 11-NOV-2021.
November 10, 2021
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Certain Restricted Stock Units of TransAct Technologies Incorporated are subject to a Lock-Up Agreement Ending on 11-NOV-2021. These Restricted Stock Units will be under lockup for 91 days starting from 12-AUG-2021 to 11-NOV-2021.
Details:
Without the prior written consent of Roth Capital Partners, LLC, for a period of 90 days following the date of this prospectus supplement, directors and executive officers have agreed not to (i) sell, assign, transfer, pledge, offer to sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option for sale (including any short sale), right or warrant to purchase, lend, establish an open ?put equivalent position? (within the meaning of Rule 16a-1(h) under the Exchange Act), or otherwise dispose of, or enter into any transaction which is designed to or could be expected to result in the disposition of, any shares of common stock or securities convertible into or exercisable or exchangeable for any equity securities of the Company (including, without limitation, shares of common stock or any such securities which may be deemed to be beneficially owned by such persons in accordance with the rules and regulations promulgated by the SEC from time to time (such shares or securities, the ?Beneficially Owned Shares?)), or publicly announce any intention to do any of the foregoing, other than the exercise of options so long as there is no sale or disposition of the common stock underlying such options during the Lock-Up Period, (ii) enter into any swap, hedge or other agreement or arrangement that transfers in whole or in part, the economic risk of ownership of any Beneficially Owned Shares, common stock or securities convertible into or exercisable or exchangeable for any equity securities of the Company, or (iii) engage in any short selling of any Beneficially Owned Shares, common stock or securities convertible into or exercisable or exchangeable for any equity securities of the Company.
TransAct Technologies Incorporated develops and sells software-driven technology and printing solutions for markets, including food service, casino and gaming, and point of sale (POS) automation. The Companyâs solutions are designed based on customer requirements and are sold under the BOHA!, AccuDate, EPICENTRAL, Epic and Ithaca brands. Through the TransAct Services Group, it also provides customers with a range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. Its primary offering in the food service technology market is its line of BOHA! Products. In the POS market, it sells a printer utilizing thermal printing technology. It sells several models of printers used in slot machines and video lottery terminals (VLTs) and other gaming machines that print tickets or receipts instead of issuing coins at casinos, racetracks, and other gaming venues worldwide. It also offers a software solution, the EPICENTRAL Print System.