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SunScout Waives Lock-Up Restrictions On 920,000 Shares Held By Officer-Owned Entity, Effective October 27
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SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) ("SunScout" or the "Company"), a clean-technology company developing and commercializing autonomous, solar-powered robotic mowers and related solar energy solutions, announced today that Revere Securities LLC, as assignee of the rights of Dominari Securities LLC, representative of the underwriters in the Company's initial public offering of 3,100,000 Class A ordinary shares is waiving the lock-up restriction with respect to 920,000 Class A ordinary shares of the Company held by JKM Equity Limited, an entity wholly owned by an officer of the Company. The waiver was granted pursuant to the underwriting agreement entered into in connection with the offering.

The waiver will take effect on October 27, 2026. Any sale of the shares remains subject to applicable securities laws, including Rule 144 under the Securities Act of 1933, as amended.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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