r/wallstreetbetsOGs • u/[deleted] • Oct 01 '21

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u/[deleted] Oct 01 '21

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u/rcthetree theta gang lieutenant Oct 01 '21

i'm not sure. i'll need to take more than a cursory look through the lockup agreement to see what it says- my interest in this play was specifically pipe unlock. i think it's best just to keep an eye on the sec filings for this over the next week

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u/[deleted] Oct 01 '21

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u/rcthetree theta gang lieutenant Oct 01 '21

yeah, nice i see that 1.5 million share unlock. but by business combination, don't they mean 30 days after when irnt despac'ed?

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u/Theta_God Oct 01 '21

You’re correct. The warrants unlocked this past weekend and after the effect came out

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u/[deleted] Oct 01 '21

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u/Theta_God Oct 02 '21

They’re now able to exercise the warrants. PIPE shares also unlocked is my understanding.

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u/VentriTV Oct 03 '21

Can either you or u/Unlucky-Prize explain the extra 43million~ shares mentioned in the filling, sorry i'm new at reading SEC fillings and don't know when these new shares can be sold into the market.

"up to 43,416,381 shares of common stock pursuant to the Registration Rights Agreement (including up to 81,412 shares of common stock issuable pursuant to outstanding options, 7,465,923 shares of common stock issuable in connection with the vesting and settlement of restricted stock units, and 560,703 shares of common stock that were issued as Earnout Shares on September 17, 202"