Baijiayun Announces Lock-Up Commitment By Mr. Gangjiang Li, Chairman Of The Board And CEO, Mr. Yi Ma, President And Director Commit Not To Selling Or Transferring Any Ordinary Shares Or Similar Securities For A 12-Month Lock-Up Period
Portfolio Pulse from Happy Mohamed
Baijiayun Group Ltd (NASDAQ:RTC) announces a 12-month lock-up commitment by CEO Mr. Gangjiang Li and President Mr. Yi Ma, who own 32.73% and 10.08% of the company's shares, respectively. They will not sell or transfer any ordinary shares or similar securities during this period.
June 21, 2023 | 8:24 pm
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Baijiayun's CEO and President commit to a 12-month lock-up period, indicating confidence in the company's long-term value and potentially stabilizing the stock price.
The lock-up commitment by Baijiayun's CEO and President, who own a significant portion of the company's shares, demonstrates their confidence in the company's long-term value. This may lead to increased investor confidence and potentially stabilize the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100