Certain Common Stock of PowerX,Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2026. These Common Stock will be under lockup for 179 days starting from 19-DEC-2025 to 16-JUN-2026.

Details:
In connection with the offering and the secondary offering by way of purchase and underwriting by the underwriters, the company's shareholders, sellers and share lenders, Acumen Co., Ltd., sellers FAROUT Co., Ltd., Nippon Yusen Kabushiki Kaisha, FRONTIVE X LIMITED, Mizuho Seicho Shien Fund 4, Mirai Creation Limited Partnership, Jun Kasamatsu, the company's shareholders Imabari Shipbuilding Co., Ltd., Nippon Gas Co., Ltd., ITOCHU Corporation, Spiral Capital Japan Fund No. 2 Investment Limited Partnership, Masanori Mochida, Double Hawkfeather Pte. Ltd., Southern Route Maritime, SA, Japan Airlines & TransLink Innovation Fund, LP, JA Mitsui Leasing Co., Ltd., Tatsumi Shokai Co., Ltd., Sompo Japan Insurance Inc., Mori Trust Co., Ltd., BEMAC Corporation, Shuhei Morofuji, Senko Group Holdings Co., Ltd., NAMICS Corporation, Japan Petroleum Exploration Co., Ltd., NEC and Translink Orchestrating Future Fund, LP, Yaskawa Electric Corporation, AFA LLC, Shikoku Electric Power Co., Inc., PowerX Employee Shareholding Association, Ben Ferguson, Kenji Kasahara, Chugin Impact Fund Investment Limited Partnership, Kazunori Asada, Hideyuki Onishi, Atsushi Higuchi, Fendi Chen (Ying Tung Chen), Yoshinari Urushima, Eishin Shoji Co., Ltd., Sadaharu Oh, Seinosuke Yoshida, Masato Ogawa, K4 Ventures LLC, Yasumasa Yamamoto, Mark Tercek, Jiro Yoshino, Food Techno Engineering Co., Ltd., Paolo Cerruti, Caesar Sengupta, Paul Kuo, Shuyi Mima, Hiroaki Toya, Toshiyuki Fujita, Tomoo Tateishi, Mio Takaoka, Makoto Kuniyoshi, Christina Trojel-Hansen, Takuya Ueda, Hirotoshi Yokoi, Takafumi Tomita, Kenji Noda, Zhaoxian Wu, Masako Sato, Michinori Ikezoe, Welfare Group Co., Ltd., Minmin Chen, Xiaoxia Wang, and Miyahara Ichiro, Yoshiyuki Aoki, Futo Oe, Kiyofumi Yuuda, and 85 other holders of the company's stock acquisition rights will submit a written commitment to the joint lead managers that they will not sell the company's shares (excluding, however, the sale by way of purchase and underwriting by the underwriters, the lending of the company's common shares for the sale by way of over-allotment, and the acquisition by Mitsubishi UFJ Morgan Stanley Securities of the company's common shares subject to the green shoe option) during the period from the execution date of the principal underwriting agreement until June 16, 2026, which is 180 days after the listing (trading commencement) date (including that date) (the "lock-up period"), without the prior written consent of the joint lead managers.