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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by adit123on Sep 04, 2014 11:26am
132 Views
Post# 22905552

RE:RE:SP going forward??

RE:RE:SP going forward??It actually appears that it is a rolling 18 month hold with 1/3 subject to sale every 6 months (thus the 18 month total). From the release: "The Integra Shares issued pursuant to the Transaction will be subject to a lock-up agreement over an 18 month period to be released as to one-third of the Integra Shares every six months, subject to providing advance notice to Integra."

Regardless, that is still only 1/3 in 6 months, so not that much of an impact if they do sale.
 
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