Certain Common Stock of Space Market, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2020.
June 15, 2020
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Certain Common Stock of Space Market, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2020. These Common Stock will be under lockup for 180 days starting from 19-DEC-2019 to 16-JUN-2020.
Details:
In connection with the offer and the sale of the underwriter through the purchase transaction, Daisuke Shigematsu, Shinichiro Suzuki and Yusuke Masudo, who are sellers and shareholders, and Double Pines Co., Ltd. and Mynavi Corporation, our shareholders, Yasujiro Tsubouchi (trustee of the 3rd Stock Acquisition Rights Trust), which holds our stock acquisition rights have agreed with the lead manager that during the period from the date of signing the original underwriting contract to the 180th day after the listing date (June 16, 2020), they will not sell our common stock without the prior written consent of the lead manager (However, this excludes the fact that the lead manager will acquire the Company's common stock that is subject to the sale of the underwriter's purchase transaction and the green shoe option.)
Opt-Ventures No. 1 Fund LP, CA Startups Internet Fund No. 2 LP and ORIX Corporation, which are sellers and shareholders, and Mizuho Growth Support Fund LP and SBI Venture Company Growth Support No. 3 Fund LP , Office Chiba Co., Ltd., SBI Venture Business Growth Support No. 4 Fund L.P., SBI Venture Business Growth Support No. 2 Fund L.P. and SBI Venture Business Growth Support Fund LP, Shinichiro Suzuki, Yusuke Masudo, Ken Kaizuka, Haruhiko Kobayashi, Naomi Fujita, Aiko Hayama, Yuki Honma, Aya Ogawara, Seiki Teramoto, Genta Ishii, Marin Kubo and Yuri Takada, who hold our stock acquisition rights have agreed with the lead manager that during the period from the date of the original underwriting contract to the 90th day (March 18, 2020) after the listing date (including the current day) they will not sell our common stock without the prior written consent of the lead manager (However, excluding sales by the underwriter's purchase transaction, acquisition of the Company's common stock subject to the Green Shoe Option, and the selling price is 1.5 times or more of the issue price or the selling price in this offer, etc. And sales through the Tokyo Stock Exchange, Inc. through the lead manager).
Space Market, Inc. is a Japan-based company engaged in the provision of platform services. Space Market is a platform for lending and borrowing space such as idle real estate. The platform offers an unprecedented unique service that anyone can easily lend and borrow space on the Internet or smartphone. Space Market EVENT provides all kinds of services including creating an event details page service, recruitment and management of participants service, site reservation, ticket creation and settlement service concentrated on issues for event organizers and secretaries, such as planning, creating pages, recruiting and managing participants, arranging venues and collecting payments. In addition, as a support service for corporate event planning and management, the Company is engaged in the provision of a venue from the space rented out at the Space Market, as well as a one-stop support service for event planning and production.