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COHO COLLECTIVE KITCHENS INC. ANNOUNCES LOCK-UP OF 56,609,764 SHARES UNTIL DECEMBER 9, 2023
COHO COLLECTIVE KITCHENS INC. ANNOUNCES LOCK-UP OF 56,609,764 SHARES UNTIL DECEMBER 9, 2023 ...
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[{"type":"text","content":"\n \n \n \n COHO COLLECTIVE KITCHENS INC. ANNOUNCES LOCK-UP OF 56,609,764 SHARES UNTIL DECEMBER 9, 2023\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 3, 2023\n \n \n /CNW/ - Coho Collective Kitchens Inc. (\"\n \n Coho\n \n \" or the \"\n \n Company\n \n \") (TSXV: COHO), a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses, announced today that shareholders holding an aggregate of  56,609,764 common shares of Coho (the \"\n \n Shares\n \n \") have voluntarily executed an extension to a lock-up agreement (the \"\n \n Lock-Up\n \n \") for their Shares. 56,609,764 Shares will be subject to the restrictions imposed by the Lock-Up until\n \n December 9, 2023\n \n (the \"\n \n Lock-up Period\n \n \").\n \n \n Subject to limited exceptions, the Lock-Up stipulates that, during the Lock-Up Period, these shareholders will not, directly or indirectly, sell or agree to sell, or announce any intention to sell or agree to sell, any Shares or securities exchangeable or exercisable for Shares.\n \n \n \"The extension of the lock-up period demonstrates the commitment of these shareholders to the long-term potential of Coho's business,\" said\n \n Andrew Barnes\n \n , CEO of Coho. \"Coho continues to grow and expand its dominance across\n \n Canada's\n \n shared kitchen marketplace. The extension of the lock-up is a sign of the confidence these shareholders have in Coho's ability to execute on the opportunities ahead.\"\n \n \n The Lock-Up is an extension of a voluntarily lock-up agreement executed by Coho's leadership and a number of large shareholders in connection with its initial public offering on\n \n June 9, 2022\n \n (the \"\n \n IPO Lock-Up\n \n \"). The IPO Lock-Up was agreed to by shareholders holding an aggregate of 56,709,764 Shares and originally expired on\n \n December 6, 2022\n \n .\n \n \n \n About Coho\n \n \n \n Coho is a growth stage, community-driven, commercial real estate and food t...