In today’s episode, we break down the role of sponsor lockups in SPAC transactions. Lockups are contractual periods where sponsors are restricted from selling their shares, often ranging from 6 to 24 months post-merger. These agreements are designed to align the sponsor’s interests with the long-term success of the company, providing confidence to PIPE investors and public shareholders alike.
We’ll explore how lockups can include performance-based triggers—such as share price thresholds—and why institutional investors frequently request them as part of their due diligence process. Whether you’re a SPAC sponsor, investor, or simply looking to understand capital markets better, this episode will help you grasp why lockups matter and what they signal about sponsor commitment.
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