Certain Common Stock of Croooober Co., Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2022.
June 20, 2022
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Certain Common Stock of Croooober Co., Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2022. These Common Stock will be under lockup for 179 days starting from 23-DEC-2021 to 20-JUN-2022.
Details:
E & E Co., Ltd., the seller and lender, Kazutaka Suganuma, Yasuo Otsuka, Takenobu Watanabe, and Eihiko Kono, the shareholders, are the lead underwriters in connection with the offering and the underwriting of the underwriters. For the company, the lead managing underwriter during the period from the conclusion of the principal underwriting contract to June 20, 2022 (hereinafter referred to as the "lockup period"), which is the 180th day after the listing (starting of trading) date (including the day). Agreed not to sell the Company's shares without the prior written consent of the Company (excluding the sale of the Company's shares for sale by the underwriter's purchase transaction and the sale of the Company's common shares for sale by over-allotment).
Up Garage Group Co Ltd, formerly Croooober Co Ltd, is a Japan-based company engaged in the purchase and sale of accessories about cars and motorcycles. The Company is roughly divided into reuse business type and distribution wholesale business type. The reuse format is in the form of directly managed store operation, franchise system operation, and electronic commerce (EC) site operation. The reuse business is centered on Up Garage, which purchases and sells used car accessories, which is the main brand, and Up Garage Riders, which purchases and sells used motorcycle accessories, Parts Whole Car & Bike Purchase Team, which purchases used cars, and Up Garage Tools, which purchases and sells used tools. The Company provides products through the mall-type EC site Croooober.com. The distribution wholesale format includes wholesale transactions of car and motorcycle products through tire distribution centers and an order-acceptance platform for chain companies.