Stagger the buying to pump prices up
$VinFast Auto (VFS.US)$ VinFast founder Pham Nhat Vuong cannot sell his shares in VinFast for at least 180 days after ( the company's initial public offering (IPO) on August 15, 2023. This is due to a lock-up agreement that he entered into with the special purpose acquisition company (SPAC) that merged with VinFast to take it public. The lock-up agreement prevents him from selling his shares until at least December 14, 2023.
After the 180-day lock-up period expires, Vuong will be free to sell his shares as he pleases. However, he may still be subject to other restrictions, such as insider trading rules.
After the 180-day lock-up period expires, Vuong will be free to sell his shares as he pleases. However, he may still be subject to other restrictions, such as insider trading rules.
• VinFast founder Pham Nhat Vuong: 180 days
• SPAC sponsors: 180 days
• Other early investors: 90 days
• Public investors: 30 days
• SPAC sponsors: 180 days
• Other early investors: 90 days
• Public investors: 30 days
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J L 7 2 : Shares associated with Tongtong and SPXX have all dropped dramatically