Core Viewpoint - Pony AI Inc. has announced that its co-founders have entered into voluntary extended lock-up agreements covering approximately 22.9% of the company's total outstanding ordinary shares, reflecting their confidence in the company's growth strategy and commitment to long-term shareholder value creation [1][2][3]. Group 1: Extended Lock-Up Agreements - The extended lock-up agreements cover a total of 110,828 Class A ordinary shares and 81,088,770 Class B ordinary shares, amounting to approximately 22.9% of the company's total issued and outstanding ordinary shares as of the announcement date [2]. - The lock-up period will last for 540 days starting from May 25, 2025, which is the expiration date of the company's initial public offering lock-up period [1]. Group 2: Company Overview - Pony AI Inc. is recognized as a global leader in the commercialization of autonomous mobility, utilizing its vehicle-agnostic Virtual Driver technology to develop a sustainable business model for mass production and deployment of autonomous vehicles [3]. - Founded in 2016, the company has expanded its operations across various regions, including China, Europe, East Asia, and the Middle East, ensuring broad accessibility to its advanced technology [3].
Pony AI Inc. Announces Voluntary Extended Lock-Ups by Founders