Certain Common Stock of Sun* Inc. are subject to a Lock-Up Agreement Ending on 27-FEB-2021.
February 27, 2021
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Certain Common Stock of Sun* Inc. are subject to a Lock-Up Agreement Ending on 27-FEB-2021. These Common Stock will be under lockup for 211 days starting from 31-JUL-2020 to 27-FEB-2021.
Details:
In connection with this offering and sale by underwriting purchase transaction, the stock lender, Seito Hirai, the sellers, Yusuke Hattori, Kazunari Fujimoto and Kenichi Takakura, and our shareholders, Taihei Kobayashi and Freestyle Llc., have agreed with the lead managing company that during the period from the date of conclusion of the original underwriting contract to the 180th day (January 26, 2021) after the listing date (including the day), they will not sell our common stock without the prior written consent of the lead managing company (However, this excludes the sale by the underwriter's purchase transaction and the acquisition of the common stock of the Company subject to the Green Shoe Option by the lead managing company.)
Sony Network Communications Inc. has agreed with the lead managing company that from the date of the original underwriting contract to February 27, 2021, it will not sell our common stock without the prior written consent of the lead managing company (However, this excludes the sale by the underwriter's purchase transaction and the acquisition of the common stock of the Company subject to the Green Shoe Option by the lead managing company.)
Furthermore, Yasuyuki Ishizuka, who owns the stock acquisition rights of our company, has agreed with the lead managing company that during the lockup period, he will not sell our stock acquisition rights or shares acquired by exercising the stock acquisition rights without the prior written consent of the lead managing company.
In addition, the company has agreed with the lead managing company that, during the lockup period, the company will not issue common stock, issue securities that are converted or exchanged for common stock, or issue securities that are granted the right to acquire or receive common stock without the prior written consent of the lead managing company (However, this offer, green shoe options, stock splits and issuances related to stock options, etc. are excluded).
Sun* Inc is a Japan-based company engaged in the product development business as a digital creative studio. The Company supports clients' digital transformation and new business development with two service lines, Creative & Engineering and Talent Platform. Creative & Engineering service mainly supports Japanese clients' business idea creation, product development, and continuous growth of products in terms of creative and engineering. Talent Platform service supports clients in terms of human resource introduction. In Japan, the Company is involved in the discovering, training, introducing, and dispatch of information technology (IT) human resources through the programming school GEEK JOB operated by a subsidiary. The Company runs industry-academia collaboration with top universities in Asian countries including Vietnam, where the Company has overseas bases, and runs a selection course that gathers students who want to work as engineers in Japan.