Certain Common Stock of Alta Equipment Group Inc. are subject to a Lock-Up Agreement Ending on 19-SEP-2023.
September 18, 2023
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Certain Common Stock of Alta Equipment Group Inc. are subject to a Lock-Up Agreement Ending on 19-SEP-2023. These Common Stock will be under lockup for 61 days starting from 20-JUL-2023 to 19-SEP-2023.
Details:
Directors and executive officers, the selling stockholder and certain affiliates of the selling stockholder (such persons, the ?lock-up parties?) have entered into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each lock-up party, with limited exceptions, for a period of 60 days after the date of this prospectus supplement (the ?restricted period?),, may not (and may not cause any of their direct or indirect affiliates to), without the prior written consent of the representatives, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock (including without limitation, common stock or such other securities which may be deemed to be beneficially owned by the lock-up party in accordance with the rules and regulations of the SEC and securities which may be issued upon exercise of a stock option or warrant), (collectively with the common stock, the ?lock-up securities?).
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks, heavy and compact earthmoving equipment, environmental processing equipment, and other material handling and construction equipment. The Company operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The Material Handling segment is principally engaged in operations related to the sale, service, and rental of lift trucks and other material handling equipment. The Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment. The Master Distribution segment is principally engaged in large-scale equipment distribution rights with sub-dealers throughout North America related to environmental processing equipment.