other material
confidence high
sentiment neutral
materiality 0.40
Tecogen registers 4.5M shares for resale; Hatsopoulos trusts agree to 182-day lock-up
TECOGEN INC.
- Filed Form S-3 to register 4,507,603 shares of common stock for resale by selling stockholders.
- Shares were acquired in private placements exempt from SEC registration; no offer until S-3 effective.
- Hatsopoulos 2012 Family Trust and GST non-exempt QTIP Marital Trust (3,475,714 shares) signed lock-up agreements.
- Lock-up restricts sales for 182 calendar days after SEC declares S-3 effective; limited exceptions apply.
- Exceptions include transfers to trust beneficiaries, divorce court orders, and existing 10b5-1 plans.