Certain Convertible Notes of Nogin, Inc. are subject to a Lock-Up Agreement Ending on 4-OCT-2023.
October 03, 2023
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Certain Convertible Notes of Nogin, Inc. are subject to a Lock-Up Agreement Ending on 4-OCT-2023. These Convertible Notes will be under lockup for 181 days starting from 6-APR-2023 to 4-OCT-2023.
Details:
The company directors, officers, certain beneficial owners of 5% or more of outstanding shares of company common stock and the holders of Convertible Notes have entered into lock-up agreements. Under these agreements, these individuals have agreed, subject to specified exceptions, not to sell or transfer any shares of common stock or securities convertible into, or exchangeable or exercisable for, shares of common stock during a period ending, for it's directors, officers and certain beneficial owners of 5% or more of it's outstanding shares of common stock, 180 days, and for the holders of Convertible Notes, 90 days, in each case, after the date of this prospectus, without first obtaining the written consent of the placement agents, subject to certain exceptions.
Nogin, Inc. is an e-commerce technology platform provider in the apparel and ancillary industryâs multichannel retailing, business-to-consumer, and business-to-business domains. It manages clientsâ front-to-back-end operations so clients can focus on their business. Its Nogin Intelligent Commerce platform, enterprise commerce-as-a-service (CaaS) platform, includes Intelligent Commerce (site management); Intelligence commerce architecture, such as orders, returns and warehouse management, channel partner integrations, customer management, catalog management, content and site management, and security, privacy and data protection grouped into a single software solution, and Foundational elements, including its data asset, CDP and artificial intelligence (AI), and flexible application programming interface (API). The Intelligent Commerce platform is an open-source e-commerce platform that includes research and development, a customer data platform, and an AI data pool across all endpoints.