People seem to forget the dire state of the economy when President Obama took office in 2009. They shouldnât. He received no help from Republicans at all, so it is virtually the case that he and the Democrats did everything themselves.
Depending on the company, the lockup period may be 90 to 180 days. It exists to ensure that the market is not flooded with shares in the company at any given time, which would increase supply and cause a drop in price.
However, the shares will be subject to a lock-up provision for six (6) months from the Closing Date and will be adjusted in the event the Company's stock price at the end of the lock-up period is either greater than twenty-five percent (25%) higher or lower than the price used in the Definitive Agreement.