Certain Common Shares of Bank of Innovation,Inc. are subject to a Lock-Up Agreement Ending on 21-OCT-2018.
October 20, 2018
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Certain Common Shares of Bank of Innovation,Inc. are subject to a Lock-Up Agreement Ending on 21-OCT-2018. These Common Shares will be under lockup for 90 days starting from 23-JUL-2018 to 21-OCT-2018.
Details:
The shareholders, Daisuke Taknaka, Tomohiro Higuchi, CyberAgent, inc., Nissay Capital No. 6 Fund L.P., Cygames, Inc., MSIVC2012V Fund L.P., JPE No. 1 Co., Ltd., Resona Capital No. 3 Investment Enterprise Partnership, HPE Japan Incubation Fund L.P., Shigemasa Ota, Takahiro Sugawara, Kenji Sawada, Mika Kawauchi, and Hiroyuki Shimizu have agreed not to dispose off any shares, excluding sale shares, for a period of 90 days from the listing date, July 24, 2018, until October 21, 2018.
Bank of Innovation, Inc. is a Japan-based company engaged in the development and operation of smartphone game applications. The Company provides game applications to users through the platforms operated by Google Inc. and Apple Inc., etc. The Company's game applications introduce multi-step check in graphic production and game system development, specializing in 2-Dimensions (2D) graphics. The Company implements promotions that are judged to be more cost effective within the set budget. Also, to appropriately control the promotion unit price, the Company carries out data analysis and plan-do-check-act (PDCA) cycle on promotion measures implemented. The Company also focuses on the development and operation of original titles and establishes its own intellectual property (IP) and diversifies its profits by collaboration with the promotions.