Cvent (NYSE: CVT) reported that Morgan Stanley & Co. LLC and Goldman, Sachs & Co., are releasing a lock-up restriction with respect to certain shares of Cvent´s common stock held by certain principal stockholders, officers and directors of Cvent.
The release will take effect concurrently with Cvent´s recently announced follow-on offering, and the shares may be sold only in connection with such offering. Except for the sale pursuant to such registered follow-on offering, the lock-up restrictions shall remain in full force and effect.
Cvent is a leading cloud-based enterprise event management platform. The company´s website is at cvent.com.