Certain Stock Options of Bumble Inc. are subject to a Lock-Up Agreement Ending on 10-AUG-2021.
August 09, 2021
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Certain Stock Options of Bumble Inc. are subject to a Lock-Up Agreement Ending on 10-AUG-2021. These Stock Options will be under lockup for 181 days starting from 10-FEB-2021 to 10-AUG-2021.
Details:
The officers, directors, Sponsor and other pre-IPO owners representing substantially all of the Common Units prior to this offering have agreed, subject to certain exceptions, that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of Class A common stock or securities convertible into or exchangeable or exercisable for any shares of Class A common stock, enter into a transaction that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of Class A common stock, whether any of these transactions are to be settled by delivery of Class A common stock or other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement, without, in each case, the prior written consent of Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. for a period of 180 days after the date of this prospectus.
Bumble Inc. is providing online dating and social networking applications through subscription and in-app purchases of products servicing North America, Europe and various other countries around the world. The Company provides these services through websites and applications that it owns and operates. It operates five apps: Bumble app, Bumble For Friends app, Badoo app, Fruitz app and Official app. On Bumble app, users can input information about themselves and set up a profile, which can be customized in many ways, such as by adding a Badge to prominently display certain values or characteristics. On Badoo app, users profiles can be customized in many ways, such as by using the Moods feature to share what's on their minds. In addition to dating, in Bumble app it also provides products that enable social connection, offering users the opportunity to develop platonic connections through the BFF mode for friendships and through the Bizz mode for professional networking and mentorship.