Certain Cash Units of Synchronoss Technologies, Inc. are subject to a Lock-Up Agreement Ending on 24-SEP-2021.
September 23, 2021
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Certain Cash Units of Synchronoss Technologies, Inc. are subject to a Lock-Up Agreement Ending on 24-SEP-2021. These Cash Units will be under lockup for 91 days starting from 25-JUN-2021 to 24-SEP-2021.
Details:
The executive officers and directors have agreed, subject to limited exceptions, for a period of 90 days after the date of this prospectus supplement, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exchangeable or exercisable for shares of common stock.
Synchronoss Technologies, Inc. is a provider of white label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Companyâs Synchronoss Personal Cloud solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. Its Synchronoss Personal Cloud platform is a white label platform that allows its customersâ subscribers to backup and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, desktops computers, and laptops. Its Advanced Messaging platform is a messaging platform that expands capabilities for communications service provider and multi-service providers to offer Person-to-Person (P2P) messaging via Rich Communications Services (RCS).