Item 7.01 - Regulation FD Disclosure
In the case of the Company, the lock-up period will end 90 days after the date of the prospectus supplement for the offering.
In the case of all common stock held by the Adviser, including shares of common stock beneficially owned by the Company's executive officers through the Adviser, the lock-up period will end on
In the case of the Company's directors and executive officers, other than common stock beneficially owned by the Company's executive officers through the Adviser as set forth in the paragraph above, with respect to any shares held by them that would otherwise have been released from lock-up on
In the case of the selling stockholders, with respect to 3,518,248 shares held by them (after taking into account the shares being sold in the offering assuming no exercise by the underwriters of their option to purchase additional shares and 2,768,248 shares assuming full exercise of such option) that would otherwise have been released from lock-up on
In the case of certain pre-IPO stockholders that are not selling in the offering, with respect to 9,866,487 shares held by them that would otherwise have been released from lock-up on
In the case of the 23,679,624 remaining shares held by the Company's directors, executive officers and all pre-IPO stockholders (including the selling stockholders), the IPO Lock-up Agreements have not been modified. Of these shares, 2,635,532 shares will become unrestricted on
The lock-up agreements do not apply to any shares of the Company's common stock acquired in open market transactions or acquired from the Company under the dividend reinvestment plan, subject to certain exceptions. Each lock-up period is subject to extension in certain circumstances.
The information disclosed under this Item 7.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
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