1,086,202 Common Stock of Direct Communication Solutions, Inc. are subject to a Lock-Up Agreement Ending on 8-JAN-2021.
January 07, 2021
Share
1,086,202 Common Stock of Direct Communication Solutions, Inc. are subject to a Lock-Up Agreement Ending on 8-JAN-2021. These Common Stock will be under lockup for 367 days starting from 7-JAN-2020 to 8-JAN-2021.
Details:
Following the offering, it is anticipated that the escrowed shares held by principals of the company will be released pro rata to such shareholders as to 10% on the date securities are listed on exchange and an additional 15% will be released on the dates which are 6 months, 12 months, 18 months, 24 months, 30 months and 36 months after the listing date.
Direct Communication Solutions, Inc. is a technology solutions integrator focusing on connecting to the Internet of Things (IoT). The Companyâs software applications and scalable cloud services collect and assess business-critical data from all types of assets. The Companyâs software-as-a-service (SaaS) solutions include MiFleet, which provides fleet and vehicle SaaS telematics; MiSensors, which provides machine-to-machine device management and service enablement for wireless sensors; and MiFailover, which provides high-speed wireless Internet failover to small and medium-sized businesses as a redundancy solution to continue to run their business in the event the Internet is not available. In addition, the Company has deployed MiConnectivity to provide wireless data connectivity for global connectivity through its fully integrated SIM management platform and MiServices to provide managed services solution that includes an all-inclusive device readiness program and engineering support.