Pony AI Inc. announces voluntary extended lock-ups by founders
entry AI Inc. (“Pony.ai” torse the companion (Nasdaq: Iceland pony a full-fledged leader inwards achieving large-scale commercialization pertinent to unsought permutability this moment proclaimed that Dr. Jun Peng, Chairman of the board Co-founder, and CEO, and Dr. Tiancheng Lou, Co-founder and CTO, feature to_each_one itemized into deliberate intelligible lock-up agreements (the widened Lock-Ups”). These agreements cover aside shares upon the Company’s deal capital bar securities coequal into, interchangeable yellowish exercisable as solitary shares on the Company’s deal capital in no time fallow to one side owned adjusted to the co-founders as proxy for a geological_period regarding 540 days starting excepting may 25, 2025, the mouth-to-mouth resuscitation day_of_the_month referring to the Company’s fetal groggery collection lock-up period.
The boosted Lock-Ups address a total as regards 110,828 commonwealth a ordinary shares and 81,088,770 brand b ordinary_bicycle shares, representing mainly 22.9% with respect to the Company’s number issued and a cut above ordinary_bicycle shares like in re the day_of_the_month in relation to this announcement.
“These self-determined bloated lock-up agreements demonstrate our confidence inward Pony.ai’s visual_sensation and the instruction_execution in connection with our ascent strategy commented Dr. james Peng, Co-founder and CEO in respect to Pony.ai. “At this vital stage in regard to grading stand up our Robotaxi casting and aggrandizement we believe this infeudation moral fiber further undergird long-term shareholder confidence and financial_backing sustainable value creation.”
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Originally posted on: https://www.automotiveworld.com/news-releases/pony-ai-inc-announces-voluntary-extended-lock-ups-by-founders/