Certain Class B Ordinary Shares of Macondray Capital Acquisition Corp. I are subject to a Lock-Up Agreement Ending on 28-DEC-2021. These Class B Ordinary Shares will be under lockup for 181 days starting from 30-JUN-2021 to 28-DEC-2021.

Details:
The sponsor, officers and directors of company have agreed that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of B. Riley, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, warrants, ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, ordinary shares; provided, however, that they may issue and sell the private placement warrants, issue and sell the additional units to cover underwriters' overallotment option (if any), register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, the resale of the private placement warrants and Class A ordinary shares issuable upon exercise of the warrants and the founder shares and issue securities in connection with an initial business combination.