Escrowed Shares

Escrowed Shares

Shares in a publicly-traded company held by a third party on behalf of two parties to a transaction until certain conditions are filled. For example, a third party may hold escrowed shares that a potential acquiring company placed as the equivalent of earnest money for the target company. See also: Escrow Agent.
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The company said that 600,000 of the escrowed shares will be released once Foro reaches a minimum of 25,000 regular users of Foro and the remaining 600,000 escrowed shares will be released once Foro reaches 50,000 regular users of Foro.