Certain Warrants of GEN Restaurant Group, Inc. are subject to a Lock-Up Agreement Ending on 25-DEC-2023.
December 24, 2023
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Certain Warrants of GEN Restaurant Group, Inc. are subject to a Lock-Up Agreement Ending on 25-DEC-2023. These Warrants will be under lockup for 181 days starting from 27-JUN-2023 to 25-DEC-2023.
Details:
Company directors and executive officers and all of the historical owners of GEN Restaurant Group will enter into a lock-up agreement with the underwriter, subject to certain exceptions, directly or indirectly, sell, offer to sell, contract to sell, or grant any option for the sale (including any short sale), grant any security interest in, pledge, hypothecate, hedge, establish an open ?put equivalent position? (within the meaning of Rule 16a-1(h) under the Exchange Act), or otherwise dispose of, or enter into any transaction which is designed to or could be expected to result in the disposition of, any shares of common stock or securities convertible into or exchangeable for shares of common stock, or publicly announce any intention to do any of the foregoing, without the prior written consent of Roth Capital Partners, LLC and subject to limited exceptions, for a period of 180 days from the date of this prospectus.
GEN Restaurant Group, Inc. operates Asian casual dining restaurant concepts. The Company owns GEN Korean BBQ, which is a cook-it-yourself casual dining concept. The Company offers guests a dining experience where guests serve as their own chefs preparing meals on embedded grills in the center of each table. It offers an extensive menu of traditional Korean and Korean-American food, including meats, poultry, seafood and mixed vegetables. Its restaurants have Korean pop music playing in the background. The Company operates approximately 37 Company-owned restaurants, which are located in California, Arizona, Hawaii, Nevada, New York, Texas, and Florida specializing in a variety of special flavored meats for Korean barbeque. Its subsidiaries include GEN Restaurant Group, LLC; JC Group International Inc.; GEN Restaurant Investment, LLC; GEN California, LLC; GEN Torrance, LLC; GEN San Jose, LP; GEN Chino Hills, LP; GEN Fremont, LP; GEN Westgate, LP, and GEN Online, LLC.