RE: X Rumour21 Nov 2025 11:27
Here you go Magpie.. strikes me there's a lot of people invested here that dont have a clue what they're talking about
"Approximately 63.1% of the Class A ordinary shares held by existing shareholders are subject to restrictions on transfer of Class A ordinary shares for a period of 365 days from the listing date of our Class A ordinary shares on Nasdaq (the “Listing Date”), except with the prior written consent of our board of directors or as otherwise permitted under our amended and restated memorandum and articles of association. In a firm-commitment underwritten initial public offering, it is customary for an issuer’s officers, directors, and most of its other shareholders to enter into a 180-day contractual lock-up arrangement with the underwriters to help promote orderly trading immediately after such initial public offering. Consequently, any of our registered shareholders, including our directors and officers who own our Class A ordinary shares and other significant shareholders, may sell any or all of their Class A ordinary shares at any time (subject to any restrictions under applicable law), including immediately upon listing. If such sales were to occur in a significant volume in a short period of time following our listing, it may result in an oversupply of our Class A ordinary shares in the market, which could adversely impact the public price of our Class A ordinary shares."
Open to interpretation that - doesnt read black and white to me....
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