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Agora, Inc. Announces Voluntary Lock-ups by Senior Management
AgoraAgora(US:API) GlobeNewswire News Roomยท2024-12-02 11:00

Core Viewpoint - Agora, Inc. has announced that its senior management team has voluntarily entered a lock-up period until December 31, 2025, to express confidence in the company's long-term value [1][2]. Company Overview - Agora, Inc. is a Cayman Islands holding company with two independent divisions operating under the Agora and Shengwang brands, respectively [3]. - The company is headquartered in Santa Clara, California, and is recognized as a pioneer and global leader in Real-Time Engagement Platform-as-a-Service (PaaS), offering developers APIs for real-time voice, video, interactive live-streaming, chat, whiteboard, and AI capabilities [4]. - Shengwang, headquartered in Shanghai, China, is a leading Real-Time Engagement PaaS provider in the Chinese market [4]. Management Lock-Up Details - The lock-up period involves all executive officers of the company, including the founder and CEO, chairman, CTO, CFO, and vice president, who will not sell any shares until the end of the lock-up period, except for Mr. Zhong, who plans to sell up to 0.4 million ADSs (equivalent to 1.6 million class A ordinary shares) for personal financial reasons, expected to be completed by December 31, 2024 [2].