Certain Common Stock of Custom Truck One Source, Inc. are subject to a Lock-Up Agreement Ending on 16-JAN-2022.
January 15, 2022
Share
Certain Common Stock of Custom Truck One Source, Inc. are subject to a Lock-Up Agreement Ending on 16-JAN-2022. These Common Stock will be under lockup for 60 days starting from 17-NOV-2021 to 16-JAN-2022.
Details:
Each of the directors, the selling stockholders and certain of stockholders and officers have entered into lock-up agreements with the underwriters, which prohibit them from selling their shares of common stock or any securities convertible into or exercisable or exchangeable for common stock (other than in this offering) during the period from the date of this prospectus supplement continuing through the date that is 60 days from the date of this prospectus supplement, subject to certain exceptions.
Custom Truck One Source, Inc. is a provider of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. The Company offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets. Its segments include Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). ERS segment owns a range of new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks and other machinery and equipment. TES segment offers a variety of new equipment for sale to be used across its end-markets. APS segment includes the sale of specialized aftermarket parts, including captive parts related to its Load King brand, used in the maintenance and repair of the equipment the Company sells and rents.