Certain Common Stock of Headwaters Co.,Ltd are subject to a Lock-Up Agreement Ending on 27-MAR-2021.
March 26, 2021
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Certain Common Stock of Headwaters Co.,Ltd are subject to a Lock-Up Agreement Ending on 27-MAR-2021. These Common Stock will be under lockup for 179 days starting from 29-SEP-2020 to 27-MAR-2021.
Details:
PRIMEROCK No.2 Investment Business Limited Liability Union, PRIMEROCK No. 1 Investment have Limited Partnership, VECTOR Inc., Triple One Investment Business Union, IBJ, Inc., ROBOT PAYMENT INC., Aucfan Co., Ltd. and Kiyohiro Sugashita agreed with the lead managing company that during the period from December 27, 2020, which is the 90th day from the date of signing the original underwriting contract to the day of listing (starting trading) (including the day), without the prior written consent of the lead managing company, they will not to sell shares.
Yosuke Shinoda, the stock lender, and CHANGE Inc., BC Holdings Co., Ltd. and AMBITION CORPORATION, the shareholders, have agreed with the lead managing company that during the period from the date of signing the original underwriting contract to the date of listing (starting trading) 180th day until March 27, 2021, they will not sell stock without the prior written consent of the lead managing company.
Headwaters Co Ltd is engaged in artificial intelligence (AI) solution business. The AI solutions business is composed of integration services that solve management problems of companies through information technology (IT) and AI system development, and official production system (OPS) services that improve and maintain the systems developed by the integration services. Integration services include AI integration services, digital transformation (DX) services, and product services. The AI integration service is a one-stop service that analyzes the customer's work, extracts the AI utilization part, proof-of-concept, and incorporates the selected AI into the existing work. DX services support the digitalization of client companies and promote their digitalization. Product Service is a service that provides AI products SyncLect and Pocket Work Mate to customers and solves their management problems. OPS service mainly improves and maintains the system developed by the integration service.