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BRIEF-Coupang Announces Partial Early Lock-Up Release

· 03/15/2021 18:17
BRIEF-Coupang Announces Partial Early Lock-Up Release

- Coupang Inc CPNG.N:

  • COUPANG ANNOUNCES PARTIAL EARLY LOCK-UP RELEASE

  • COUPANG - CONFIRMED CONDITIONS WERE SATISFIED FOR PARTIAL EARLY LOCK-UP RELEASE THAT WILL OCCUR ON MARCH 18 WITH RESPECT TO ITS CLASS A SHARES

  • COUPANG- CO ESTIMATES ABOUT 34.0 MILLION SHARES HELD BY EARLY RELEASE EMPLOYEE GROUP WILL BECOME ELIGIBLE FOR SALE IN PUBLIC MARKET AT OPEN OF TRADING

  • COUPANG - RESTRICTED PERIOD WILL CONTINUE TO APPLY WITH RESPECT TO ALL REMAINING SHARES SUBJECT TO LOCK-UP AGREEMENTS

Source text for Eikon: ID:nBw3T91yLa

Further company coverage: CPNG.N


((Reuters.Briefs@thomsonreuters.com;))