other material
confidence high
sentiment neutral
materiality 0.70
FIGS announces early lock-up release; ~23.3M shares eligible for sale Aug 27
FIGS, Inc.
- Early release conditions met Aug 24, 2021; release occurs Aug 27, 2021.
- Up to 23.3 million shares of Class A common stock become eligible for public sale.
- Early release applies to 15% of shares held by each lock-up party.
- Condition required stock close at least 33% above $22.00 for 10 of 15 consecutive trading days.
- Lock-up continues for remaining shares subject to underwriter agreements.