other material
confidence high
sentiment positive
materiality 0.55
Accredited Solutions secures 60-day lock-up, 6-month leak-out on all variable price conversion securities
Accredited Solutions, Inc.
- Agreements with 100% of variable price conversion holders for 60-day lock-up (Sept 16 – Nov 15, 2024) and 6-month leak-out (Nov 15, 2024 – May 15, 2025).
- Company plans to use Reg A offering proceeds to redeem convertible securities, avoiding share dilution.
- CEO Eduardo Brito states plan supports 5-year growth target of $750M annual revenue via acquisitions and organic growth.
- Lock-up amendments effective Sept 16, 2024 involve six holders: Jefferson Street Capital, Leonite, Metrospaces, Mainstar, JanBella, and William Alessi.
- During leak-out, weekly sales capped at 10% of prior week’s trading volume; shares sold in six equal monthly parts.