Certain Class A Ordinary Shares of Nu Holdings Ltd. are subject to a Lock-Up Agreement Ending on 7-JUN-2022.
June 06, 2022
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Certain Class A Ordinary Shares of Nu Holdings Ltd. are subject to a Lock-Up Agreement Ending on 7-JUN-2022. These Class A Ordinary Shares will be under lockup for 181 days starting from 8-DEC-2021 to 7-JUN-2022.
Details:
The company, directors, it's executive officers, and holders of approximately % of it's share capital and securities convertible into it's shares have entered or will enter into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each of these persons or entities, with limited exceptions described in Underwriting, during the period ending on the later of (x) the opening of trading on the second trading day immediately following it's public release of earnings for the quarter ending March 31, 2022 and (y) the 181st day after the date of this prospectus (such period, the restricted period), may not, without the prior written consent of the company and Morgan Stanley & Co. LLC 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, any ordinary shares, including in the form of BDRs, or any securities convertible into or exercisable or exchangeable for ordinary shares, including in the form of BDRs (including, without limitation, ordinary shares, BDRs or such other securities which may be deemed to be beneficially owned by such directors, executive officers, and shareholders in accordance with the rules and regulations of the SEC and securities which may be issued upon exercise of a share 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 ordinary shares, BDRs or such other securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Class A ordinary shares, BDRs or such other securities, in cash or otherwise, make any demand for, or exercise any right with respect to, the registration of any ordinary shares, BDRs or such other securities; or publicly disclose the intention to take any of the actions restricted by clause.
Nu Holdings Ltd is a Brazil-based company that provides a digital banking platform. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions. Its savings solutions are designed to help customers deposit, manage and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services. Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage and pay back. Its NuInsurance protecting solutions are designed to help customers secure life insurance and funeral benefits.