Coursera Announces Partial Early Lock-up Release
Coursera (NYSE: COUR) has announced a partial early release of lock-up restrictions on certain shares of its common stock. As of May 4, 2021, 25% of the shares held by executive officers, directors, and other equityholders can be sold starting May 11, 2021, pending specific share price conditions. Approximately 34 million shares will be eligible for trading, subject to Securities Act regulations. The remaining shares will still be under lock-up agreements.
- Release of lock-up offers liquidity for equityholders, potentially increasing market activity.
- Up to 34 million shares becoming eligible for sale could attract investor interest.
- Potential dilution of shares upon release may impact stock price negatively.
- Market volatility could be triggered by the increased availability of shares for sale.
Coursera, Inc. (NYSE: COUR) today announced a partial early lock-up release with respect to Coursera’s common stock, par value
Pursuant to the terms of the lock-up agreements, the lock-up restrictions will end with respect to
The lock-up restrictions will continue to apply with respect to all remaining securities subject to the lock-up agreements.
About Coursera
Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller, with a mission to provide universal access to world-class learning. It is now one of the largest online learning platforms in the world, with 82 million registered learners as of March 31, 2021. Coursera partners with over 200 leading university and industry partners to offer a broad catalog of content and credentials, including Guided Projects, courses, Specializations, certificates, and bachelor’s and master’s degrees. More than 6,000 institutions have used Coursera to upskill and reskill their employees, citizens, and students, including in high-demand fields such as data science, technology, and business.
Source Code: COUR-IR
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FAQ
What is the significance of the lock-up release for Coursera (COUR)?
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What conditions must be met for Coursera's lock-up release?