LLC is releasing a lock-up restriction with respect to certain shares of ServiceNow's common stock held by a director of ServiceNow to be sold in the proposed offering and, in addition, is granting a waiver to a specific provision found in all of the IPO lock-up agreements that were entered into by ServiceNow and ServiceNow's security holders.
The specific provision in the IPO lock-up agreements being waived is the lock-up extension provision that may extend, upon the occurrence of certain events, the 180-day IPO lock-up period for an additional period of up to 34 days.
When an IPO lock-up
period expires, more shares are available for trading, placing a greater supply of stock in the stock market.
Expiration Extended to November 23, 2008
LLC, on behalf of itself and the other underwriters for ServiceNow's previously completed initial public offering of shares of common stock, is releasing a lock-up restriction with respect to certain shares of ServiceNow's common stock held by a director of ServiceNow to be sold in the proposed offering and, in addition, is granting a waiver to a specific provision found in all of the IPO lock-up
agreements that were entered into by ServiceNow and ServiceNow's securityholders.
Cypress and 16b Executive Officers Remain Under Original IPO Lock-up
The shares that were underlying the Mandatorily Redeemable Convertible Preferred Stock will remain subject to the IPO lock-up
agreements, even upon the registration statement being declared effective.
Richard Nottenburg, and the other members of Multilink's executive team have each initiated a structured trading plan to sell a portion of their Multilink stockholdings commencing after the expiration of their current 180-day IPO lock-up
Profits and positive cash flow from operations are the lifeblood of any organization that holds serious hopes of lasting in the longer term, not just beyond its IPO lock-up
5 million shares that were subject to the IPO lock-ups
but which will not be subject to the new lock-ups will become tradeable on January 31, 2006.
Bookham Technology believes that undertaking the secondary offering will facilitate three objectives: increased trading liquidity in its shares, broader ownership of its shares and the orderly management of the expiry of IPO lock-ups
The IPO lock-ups
of the shareholders of the founding companies expire on May 26, 1999, and the remaining IPO lock-ups
, including those with respect to investors in the sponsor entities, Capstone Partners, LLC, and Alpine Consolidated II, LLC, expired last week.