Pony AI CEO, CTO Enter Voluntary Extended Lock-Up Agreements
MT Newswires Live
May 14, 2025
Pony AI (PONY) said Wednesday its chairman and CEO Jun Peng and co-founder and chief technical officer Tiancheng Lou have entered into voluntary extended lock-up agreements covering all of the company's share capital.
The extended lock-up agreements cover 110,828 class A ordinary shares and around 81.1 million class B ordinary shares, representing approximately 22.9% of the company's total issued and outstanding ordinary shares as of Wednesday, Pony AI said.
The extended lock-up agreements will be in effect for 540 days starting May 25, which is the expiration date of the initial public offering lock-up period, the company said.
Shares were 3% higher in recent premarket activity.
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