Certain Common Stock of MGO Global, Inc. are subject to a Lock-Up Agreement Ending on 12-JAN-2024.
January 11, 2024
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Certain Common Stock of MGO Global, Inc. are subject to a Lock-Up Agreement Ending on 12-JAN-2024. These Common Stock will be under lockup for 365 days starting from 12-JAN-2023 to 12-JAN-2024.
Details:
Company, and the officers, directors and holders of 5% or greater of Common Stock have agreed to be locked up for a period of twelve (12) months from the date on which the trading of Common Stock commences. Holders less than 5% of Common Stock have agreed to be locked up for a period of six (6) months from the date on which the trading of Common Stock commences During the lock-up period, without the prior written consent of the underwriters, they shall not, directly or indirectly, (i) offer, pledge, assign, encumber, announce the intention to sell, 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, or otherwise transfer or dispose of, any Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, owned either of record or beneficially by any signatory of the lock-up agreement on the date of the prospectus or thereafter acquired; (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, whether any such transaction described in clauses (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing; and (iii) make any demand for or exercise any right with respect to, the registration of any Common Stock or any security convertible into or exercisable or exchangeable for Common Stock
MGO Global, Inc. is a digitally native, lifestyle brand portfolio company. The Company is engaged in building a portfolio of independent, digitally native, lifestyle brands delivering customer experiences across its e-commerce and wholesale channels. The Company operates through two business units: Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products, including Stand Flagpoles, and MGO Digital, which leverages data analytics, advanced technology-enabled marketing and its leadership's industry relationships and expertise to identify, incubate and introduce to market new, authentic lifestyle brand concepts. Stand Flagpole products are sold directly to consumers through its e-commerce store, found at www.standflagpoles.com. Its core product line is anchored by the Roosevelt Premium 25ft Telescoping Flagpole Kit, featuring a durable 3'' diameter telescoping pole that has been designed to withstand category one hurricane wind speeds.