Certain Common Stock of Daiwa Cycle Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-MAY-2024.
May 04, 2024
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Certain Common Stock of Daiwa Cycle Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-MAY-2024. These Common Stock will be under lockup for 179 days starting from 8-NOV-2023 to 5-MAY-2024.
Details:
In connection with this offering and the secondary offering through purchase and underwriting by the underwriters, the Company's shareholders, the seller and the stock lender, Yoshio Wakumoto, the Company's shareholders, WAKUMOTO Co., Ltd., and the Company's stock acquisition rights holders, Yuji Saito and Yoichi Kaneko. has requested the lead underwriter during the period from the date of conclusion of the principal underwriting agreement to May 5, 2024, the 180th day after the listing (trading start) date (including the day) (hereinafter referred to as the "Lockup Period").
Daiwa Cycle Co Ltd is a Japan-based company sells bicycles and bicycle parts and accessories, and provides bicycle maintenance and repair services, primarily at its stores. The Company operates its business through the Bicycle-Related Sales segment. The Company sells bicycles, including general-purpose, infant/child, sports, and electrically power assisted bicycles, as well as parts and accessories, including baskets, batteries, tires, helmets, and other items. The Company also provides various maintenance, repair, and other ancillary services, as well as long-term warranty services. In addition to directly managed stores, the Company sells directly to customers through franchise stores and e-commerce.