Series 79: 7.1.7. Lock-Up Agreements

Taken from our Series 79 Online Guide

7.1.7. Lock-Up Agreements

Underwriters typically require the issuer, along with its officers, directors, and major shareholders, to enter into lock-up agreements that prohibit any sale of securities of the same class for a specified period of time. The officers, directors, and major shareholders must sign the lock-up agreement, agreeing that they will not sell their shares without the permission of the underwriter for a certain amount of time. Fo

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