SunScout Holding Limited Announces Waiver of Lock-Up Restriction

SunScout Holding (SNSC) announced a lock-up waiver covering 920,000 Class A ordinary shares, effective October 27, 2026.

Rhea-AI Summary

SunScout Holding (SNSC) announced a lock-up waiver covering 920,000 Class A ordinary shares, effective October 27, 2026. The shares are held by JKM Equity, an entity wholly owned by a company officer. Revere Securities granted the waiver as assignee of Dominari Securities' rights under the underwriting agreement for SunScout's initial public offering of 3,100,000 Class A ordinary shares. Dominari was the offering's underwriter representative. Any sale of the affected shares remains subject to applicable securities laws, including Rule 144 under the Securities Act of 1933.

0 points · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• None.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.920,000 officer-affiliated Class A ordinary shares become exempt from the IPO lock-up on October 27, 2026.

Key Figures

Shares covered by waiver: 920,000 Class A ordinary shares IPO shares: 3,100,000 Class A ordinary shares Waiver effective date: October 27, 2026

Shares covered by waiver

920,000 Class A ordinary shares

Lock-up restriction waiver

IPO shares

3,100,000 Class A ordinary shares

Initial public offering referenced in the waiver announcement

Waiver effective date

October 27, 2026

Date the lock-up waiver takes effect

Historical Context

1 past event · Latest: Aug 13

1 event

1. Aug 13

   IPO closing

   24h Move

   +0.7%

   Closed the IPO of 3.1 million Class A shares at $5, raising $15.5 million gross.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lock-up restriction, rule 144

2 terms

lock-up restriction financial

"waiving the lock-up restriction with respect to 920,000 Class A ordinary shares"

A lock-up restriction is a rule that prevents certain people involved in a company from selling their shares for a set period after a company goes public or raises new funding. This helps stabilize the company's stock price by limiting early sales that could cause large fluctuations. Investors pay attention to these restrictions because once they expire, there may be a surge in shares available for sale, which can impact the stock's value.

rule 144 regulatory

"including Rule 144 under the Securities Act of 1933"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Palmerston North, New Zealand, Oct. 23, 2026 (GLOBE NEWSWIRE) -- 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.

This press release is not an offer or sale of securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.

About SunScout Holding Limited

SunScout Holding Limited is a clean-technology company engaged in the design, development, manufacturing, and commercialization of autonomous, solar-powered robotic mowers and related solar energy solutions. Powered entirely by solar energy through the Company's proprietary deployable solar array (“DSA”) technology, SunScout's robotic mowers operate independently of the electrical grid and feature autonomous navigation and AI-powered obstacle avoidance. SunScout also provides solar power development solutions, as well as engineering products and services, including precision fabrication, mechanical engineering, and project management. SunScout's mission is to eliminate reliance on fossil fuels in outdoor maintenance and mobile machinery, beginning with lawn care and expanding into adjacent applications.

For more information, please visit the Company's website: https://www.snsc.ai.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim” and “anticipate,” or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the U.S. Securities and Exchange Commission (the “SEC”). Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:
SunScout Holding Limited
Investor Relations Department
Email: investors@snsc.ai

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does SunScout's lock-up waiver take effect, and which shares does it cover?

The waiver takes effect on October 27, 2026 and covers 920,000 Class A ordinary shares held by JKM Equity, an entity wholly owned by a SunScout officer. Any sale remains subject to applicable securities laws, including Rule 144.