Certain Common Stock of Forza X1, Inc. are subject to a Lock-Up Agreement Ending on 12-AUG-2023.
August 11, 2023
Share
Certain Common Stock of Forza X1, Inc. are subject to a Lock-Up Agreement Ending on 12-AUG-2023. These Common Stock will be under lockup for 366 days starting from 11-AUG-2022 to 12-AUG-2023.
Details:
The executive officers and directors and the stockholders of company?s outstanding securities have agreed that they will not offer, sell, contract to sell, pledge, or otherwise dispose of, directly or indirectly, or hedge units, warrants, shares or any other securities convertible into or exchangeable or exercisable for company?s common shares, for a period of one year after the date of this prospectus in the case of our directors, executive officers, and our sole stockholder.
Forza X1, Inc. is a developer of electric sport boats. The Company is focused on creating, implementing, and selling electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. Its electric boats are designed as fully integrated electric boats including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. The Company offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. It utilizes a Web-based and application platform to connect with customers for an end-to-end experience. The Companyâs two models, the FX1 Dual Console and FX1 Center Console, are designed to be 25-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.
FORZA X1, INC. 
