Certain Common Stock of Sunnova Energy International Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2021.
January 30, 2021
Share
Certain Common Stock of Sunnova Energy International Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2021. These Common Stock will be under lockup for 61 days starting from 1-DEC-2020 to 31-JAN-2021.
Details:
The directors and executive officers, the selling stockholder and affiliates of ECP, which are referred to as lock-up parties, have entered into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each of these persons or entities, subject to certain limitations, for a period of 60 days after the date of this prospectus supplement, may not, without the prior written consent of the representatives, (1) offer, pledge, 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, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock (including, without limitation, common stock or such other securities which may be deemed to be beneficially owned by such lock-up parties in accordance with the rules and regulations of the SEC and securities which may be issued upon exercise of a stock option or warrant), which collectively are referred to as lock-up securities, or (2) 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 such other securities, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of common stock or such other securities, in cash or otherwise, or (3) 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 common stock, or publicly disclose the intention to do any of the foregoing.
Sunnova Energy International Inc. is an energy services company. The Company partnering with local dealers and contractors who originate, design, and install its customerâs solar energy systems, energy storage systems and related products and services on its behalf. It also offers other sustainable home solutions, such as home security and monitoring, smart home devices, modern heating, ventilation, and air conditioning generators, upgraded roofing, water systems, water heaters, main panel upgrades and electric vehicle chargers. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization for the customer, the ability to switch power sources among the solar panel, grid, and energy storage system, as appropriate, and diagnostics. It serves commercial, industrial, agricultural, not-for-profit, and public sector customers. It serves approximately 419,000 customers in more than 45 United States and territories.