Certain Series A Preferred Stock of Nocera, Inc. are subject to a Lock-Up Agreement Ending on 10-FEB-2024.
February 09, 2024
Share
Certain Series A Preferred Stock of Nocera, Inc. are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These Series A Preferred Stock will be under lockup for 549 days starting from 10-AUG-2022 to 10-FEB-2024.
Details:
Each of the directors, executive officers and substantially all holders of more than 5% of outstanding common stock as of the effective date of this registration statement, has entered into lock-up agreements with the Representatives prior to the commencement of this offering pursuant to which each of these persons or entities has agreed that, for a period ending 180 days after the date of this prospectus (subject to the Leak-Out Provisions, as applicable), none of them will, without the prior written consent of the Representatives (which may be withheld or delayed in the Representative sole discretion) to offer, pledge, 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, directly or indirectly, or file (or participate in the filing of) a registration statement with the SEC in respect of, any shares of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock (including without limitation, shares of common stock which may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the SEC and the securities which may be issued upon exercise of a stock option or warrant), enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the shares of, whether any such transaction is to be settled by delivery of shares of common stock or such other securities, in cash or otherwise, make any demand for or exercise any right with respect to, the registration of any shares of common stock or any security convertible into or exercisable or exchangeable for shares of common stock; or publicly announce an intention to effect any transaction specified above.
Nocera, Inc. is a fully integrated sustainable seafood company. The Company provides land-based recirculation aquaculture systems for both fresh and saltwater fish and invests in fish farms by building high-tech recirculation aquaculture systems (RASs). The Companyâs main business operation consists of the design, development, and production of large-scale RASs fish tank systems, (aquaculture) for fish farms, along with consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators. It also procures and sell eel in Taiwan. The Company also sells food items, including its signature seafood porridge bowl, through its flagship bento box store located at the Ning Xia Night Market in the Datong District of Taipei City, Taiwan. It also offers e-commerce model on Douyin, the prominent Chinese short-form video application and sibling platform to TikTok in the United States.