Certain Common Stock of LifeSpeak Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2022.
January 02, 2022
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Certain Common Stock of LifeSpeak Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2022. These Common Stock will be under lockup for 181 days starting from 6-JUL-2021 to 3-JAN-2022.
Details:
The Companys directors and officers, each shareholder of the Company (including the Selling Shareholders) will agree that he, she or it will not, directly or indirectly, without the prior written consent of the RBC Dominion Securities Inc., Canaccord Genuity Corp. and Scotia Capital Inc, as representatives of the Underwriters, such consent not to be unreasonably withheld, issue, offer, sell, or grant any option, warrant or other right to purchase or agree to issue or sell, or otherwise lend, transfer, assign, dispose of or monetize (including, without limitation, by making any short sale, engaging in any hedging, monetization or derivative transaction or entering into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of Common Shares or securities convertible, exchangeable or exercisable into Common Shares, whether or not cash settled), or offer to announce any intention to do so, in a public offering or by way of private placement or otherwise, any Common Shares, retained interest securities, or any securities convertible, exchangeable or exercisable into Common Shares for a period commencing on the Closing Date and ending on a date that is 180 calendar days after the Closing Date. The Lock-up Agreements for each current shareholder of the Company (other than the Institutional Investors) also will provide for a subsequent 180 calendar day lock-up period in respect of 50% of each such shareholders securities.
LifeSpeak Inc. is a software-as-a-service provider of digital mental, physical, and total wellbeing resources through the Companyâs software-as-a-service platforms, utilizing content developed by the Company. It provides a whole-person wellbeing solution for employers, health plans, and other organizations. The Companyâs portfolio of solutions includes LifeSpeak Mental Health & Resilience, LIFT session Fitness, ALAViDA Substance Use, Torchlight Parenting & Caregiving, and Wellbeats Wellness. The Companyâs solutions include digital mental health learning resources; physical wellbeing resources; caregiver support resources, and digital cognitive behavioral therapy (CBT) health solutions for substance use disorders (SUD). Its digital fitness platform, delivered through its Wellbeats and LIFT session brands, is designed to promote employeesâ physical health by offering an on-demand workout library, automated and live sessions in areas, including general fitness, mindfulness, and cardio.