Certain Class B Common Stock of i3 Verticals, Inc. are subject to a Lock-Up Agreement Ending on 10-NOV-2020.
November 10, 2020
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Certain Class B Common Stock of i3 Verticals, Inc. are subject to a Lock-Up Agreement Ending on 10-NOV-2020. These Class B Common Stock will be under lockup for 61 days starting from 10-SEP-2020 to 10-NOV-2020.
Details:
The company's officers, directors and certain Continuing Equity Owners, subject to certain exceptions, will agree that, without the prior written consent of BofA Securities, Inc. and Morgan Stanley & Co. LLC and the representatives of the underwriters (the “Representatives”), on behalf of the underwriters, they will not, during the period ending 60 days after the date of this prospectus supplement: (1) offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise transfer or dispose of, directly or indirectly, any shares of Class A common stock or any securities convertible into, exchangeable for or that represent the right to receive shares of Class A common stock; (2) file any registration statement with the SEC relating to the offering of any shares of Class A common stock or any securities convertible into or exercisable or exchangeable for Class A common stock; or (3) enter into any swap or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of Class A common stock, subject to certain exceptions. The Representatives, in their sole discretion, may release the Class A common stock and other securities subject to the lock-up agreements described above in whole or in part at any time with or without notice.
i3 Verticals, Inc. builds, acquires, and grows software solutions in strategic vertical markets. The Company operates through two segments: Merchant Services and Software and Services. The Software and Services segment delivers vertical market software solutions to customers across all of its strategic vertical markets. These solutions often include embedded payments or other recurring services. The Merchant Services segment provides comprehensive payment solutions to businesses and organizations. Its Merchant Services segment includes third-party integrated payment solutions as well as traditional merchant processing services across its vertical markets. It offers integrated digital solutions offering dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems. It offers solutions for driver license, vehicle title and registration and motor carrier compliance for departments of transportation in the United States and Canada.