Certain Options of Paymentus Holdings, Inc. are subject to a Lock-Up Agreement Ending on 22-NOV-2021.
November 22, 2021
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Certain Options of Paymentus Holdings, Inc. are subject to a Lock-Up Agreement Ending on 22-NOV-2021. These Options will be under lockup for 181 days starting from 25-MAY-2021 to 22-NOV-2021.
Details:
The directors and executive officers, and substantially all of the other holders of equity securities have agreed with the underwriters, subject to certain exceptions, not to offer, sell or transfer any such equity securities for 180 days after the date of this prospectus without first obtaining the written consent of at least two of Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Citigroup Global Markets Inc., in their sole discretion, including at least one of Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, and subject to FINRA Rule 5131.
Paymentus Holdings, Inc. is a provider of cloud-based bill payment technology and solutions for more than 1,900 billers and financial institutions across North America. The Company delivers its product suite through a technology stack. The Company's artificial intelligence (AI)-driven software-as-a-service (SaaS) platform provides a single-vendor solution. Its Instant Payment Network (IPN) connects IPN partners' platforms and various billers to its integrated billing, payment and reconciliation capabilities. Its platform for financial institutions reconnects the financial institutions to their customers by providing a real-time financial hub where consumers can consolidate their financial obligations, pay bills, move money in real time and improve their understanding of their own financial position. Its solution includes electronic bill presentment across numerous channels including Web, mobile, text, secure portable document format (PDF), email, interactive voice response and chatbot.