Certain Class B Common Stock of Motion Acquisition Corp. are subject to a Lock-Up Agreement Ending on 13-APR-2021.
Details:
Company initial stockholders and company's officers and directors have agreed that, for a period of 180 days from the date of this prospectus, company and they will not, without the prior written consent of Barclays Capital Inc., offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, warrants, shares of common stock or any other securities convertible into, or exercisable, or exchangeable for, shares of common stock, subject to certain exceptions. Barclays Capital Inc. in its sole discretion may release any of the securities subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be with notice.