Certain Common Stock of Leonardo DRS, Inc. are subject to a Lock-Up Agreement Ending on 15-FEB-2024.
February 15, 2024
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Certain Common Stock of Leonardo DRS, Inc. are subject to a Lock-Up Agreement Ending on 15-FEB-2024. These Common Stock will be under lockup for 91 days starting from 16-NOV-2023 to 15-FEB-2024.
Details:
In connection with this offering, the selling stockholder and directors and executive officers will enter into lock-up agreements, under which they will agree not to dispose of or hedge any of common stock or securities convertible into or exchangeable for shares of common stock without the prior written consent of each of the three representatives for a period of 90 days after the date of this prospectus supplement. The representatives may, in their sole discretion and at any time, release all or any portion of the securities subject to lock-up agreements entered into in connection with this offering.
Leonardo DRS, Inc. is a provider of advanced defense technology to United States national security customers and allies around the world. It specializes in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and mission-critical technologies. It is a provider of defense products and technologies that are used across land, air, sea, space, and cyber domains. Its segments include Advanced Sensing and Computing (ASC) and Integrated Mission Systems (IMS). The ASC segment designs, develops, and manufactures sensing and network computing technology that enables real-time situational awareness required for operational decision making and execution by its customers. The IMS segment designs, develops, manufactures, and integrates power conversion, control and distribution systems, ship propulsion systems, motors and variable frequency drives, force protection systems, transportation and logistics systems.