Certain Warrants of EVmo, Inc. are subject to a Lock-Up Agreement Ending on 4-JUL-2022.
July 03, 2022
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Certain Warrants of EVmo, Inc. are subject to a Lock-Up Agreement Ending on 4-JUL-2022. These Warrants will be under lockup for 181 days starting from 4-JAN-2022 to 4-JUL-2022.
Details:
The company's directors, officers and holders of 5% or greater of the company's outstanding shares of Common Stock have agreed, subject to limited exceptions, for a period of six (6) months from the date of the closing date of this offering in the case of the directors and officers and three (3) months from the date of the closing date of this offering in the case of any 5% or greater stockholders, without the prior written consent of the Representative, that they will not offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any of the securities convertible into or exercisable or exchangeable for Common Stock or preferred stock or any of other securities.
YayYo, Inc. is a holding company engaged in the ridesharing and transportation industry. The Company operates through its subsidiaries, Distinct Cars, LLC and Rideshare Car Rentals LLC, and is a provider of standard rental vehicles to drivers in the ridesharing industry. It operates in two business segments, Rideshare Platform, and Fleet Management. Through the Rideshare platform, the Company develops a peer-to-peer online booking platform to rent standard passenger vehicles to self-employed ridesharing drivers. It serves as a central marketplace that connects the Company's fleet management vehicles, other fleet owners and selected individual car owners with Rideshare drivers seeking rental vehicles. Through the Fleet Management segment, the Company focuses on the maintenance of a fleet of standard passenger vehicles that are commercially available through the Rideshare platform. The Company's subsidiaries also include Savvy LLC, and Rideyayyo LLC.