Certain Class B Ordinary Shares of Pontem Corporation are subject to a Lock-Up Agreement Ending on 13-JUL-2021. These Class B Ordinary Shares will be under lockup for 181 days starting from 13-JAN-2021 to 13-JUL-2021.

Details:
Sponsor and officers and directors have agreed that will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of Credit Suisse Securities (USA) LLC and Guggenheim Securities, LLC for a period of 180 days after the date of this prospectus, any units, warrants, ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, ordinary shares; provided, however, that may (1) issue and sell the private placement warrants; (2) issue and sell the additional units to cover underwriters' over-allotment option (if any); (3) register with the SEC pursuant to an agreement to be entered into on or prior to the closing of this offering, the resale of the private placement warrants and the ordinary shares issuable upon exercise of the warrants and the founder shares; and (4) issue securities in connection with initial business combination. However, the foregoing shall not apply to the forfeiture of any founder shares pursuant to their terms or any transfer of founder shares to any current or future independent director or advisory board member of the company (as long as such current or future independent director is subject to the terms of the letter agreement, filed herewith, at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). Credit Suisse Securities (USA) LLC and Guggenheim Securities, LLC in their sole discretion may release any of the securities subject to these lock-up agreements at any time without notice.