Certain Common Stock of Leslie's, Inc. are subject to a Lock-Up Agreement Ending on 10-AUG-2021.
August 09, 2021
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Certain Common Stock of Leslie's, Inc. are subject to a Lock-Up Agreement Ending on 10-AUG-2021. These Common Stock will be under lockup for 181 days starting from 10-FEB-2021 to 10-AUG-2021.
Details:
The officers, directors and holders of substantially all of common stock, including the selling stockholders in this offering, agreed that, without the prior written consent of Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc., the representatives of the underwriters in the IPO, they will not, during the 180-day period after November 2, 2020, offer, sell, contract to sell, pledge, grant any option to purchase, lend or otherwise dispose of any shares of common stock, or any options or warrants to purchase any shares of common stock, or any securities convertible into, exchangeable for or that represent the right to receive shares of common stock.
Leslie's, Inc. is a direct-to-consumer brand in the United States pool and spa care industry. The Company serves the aftermarket needs of residential and professional consumers with an assortment of essential pool and spa care products. More than 80% of its assortment is comprised of non-discretionary products essential to the care of residential and commercial pools and spas. The Company's assortment includes chemicals, equipment and parts, cleaning and maintenance equipment, and safety, recreational, and fitness-related products. It also offers essential services, such as equipment installation and repair for residential consumers and professional pool operators. The Company offers complimentary, commercial-grade in-store water testing and analysis via its AccuBlue system. It operates an integrated platform consisting of locations, distribution centers and e-commerce websites. The Company's portfolio of e-commerce websites includes Leslie's and In the Swim.