gunzz157
Oct 21, 3:49 PM
$DRIO There was no general lockup requiring the new investors to hold their shares in DRIO’s latest raise—the
$23.5 million offering announced July 22, 2026, at
$6.80 per share.
The purchase agreement explicitly says investors did not agree to hold for any specified period, and permitted trading after the offering was publicly announced, subject to securities laws.
There were separate lockup agreements required for directors, executive officers and existing 10% shareholders, plus a 30-day restriction on certain new stock issuances by the company, with exceptions. Those did not impose a blanket holding period on the new investors.
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