{"id":507318,"date":"2021-06-28T16:33:15","date_gmt":"2021-06-28T20:33:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/semrush-announces-early-lock-up-expiration-extension\/"},"modified":"2021-06-28T16:33:15","modified_gmt":"2021-06-28T20:33:15","slug":"semrush-announces-early-lock-up-expiration-extension","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/semrush-announces-early-lock-up-expiration-extension\/","title":{"rendered":"Semrush Announces Early Lock-up Expiration Extension"},"content":{"rendered":"

<\/p>\n

Semrush Announces Early Lock-up Expiration Extension<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nSemrush Holdings, Inc. (NYSE: SEMR) (\u201cSemrush\u201d, or the “Company”), a leading online visibility management SaaS platform, announced today an extension of the early lock-up expiration date pursuant to the terms of lock-up agreements entered into with the underwriters (the “lock-up agreements”) of Semrush\u2019s initial public offering (“IPO”) of Class A common stock until the close of trading one business day following the release of earnings for the second quarter of 2021.\n<\/p>\n

\nIn connection with the Company\u2019s IPO, all of its executive officers, directors, and substantially all of the holders of the Company\u2019s common stock, or securities exercisable for or convertible into the Company\u2019s Class A and Class B common stock outstanding immediately prior to the IPO (the \u201csecurities\u201d) entered into lock-up agreements that restrict their ability to sell or transfer their securities, or otherwise engage in certain transactions related to their securities, for a period of up to 180 days after March 24, 2021 (the \u201clock-up period\u201d).\n<\/p>\n

\nPursuant to the terms of the lock-up agreements, the lock-up period will end with respect to 33% of the securities subject to each lock-up agreement on June 22, 2021, which falls within the Company’s quarterly blackout period. Therefore, in accordance with the terms of the lock-up agreements, the lock-up period with respect to 33% of the securities subject to each lock-up agreement as of such date will end one business day following the release of earnings for the second quarter of 2021, which date will be separately announced (the “early lock-up expiration extension date”).\n<\/p>\n

\nThe Company estimates that, based on the number of shares of the Company’s common stock, which as of June 22, 2021 are (i) outstanding or (ii) subject to stock options that have vested, approximately 42.4 million shares of the Company’s common stock may become eligible for sale in the public market at the open of trading on the day following the early lock-up expiration extension date, subject to applicable volume and other restrictions of Rule 144 of the Securities Act of 1933, as amended.\n<\/p>\n

About Semrush<\/b><\/p>\n

\nSemrush is a leading online visibility management SaaS platform that enables businesses globally to run search engine optimization, pay-per-click, content, social media and competitive research campaigns and get measurable results from online marketing. Semrush offers insights and solutions for companies to build, manage, and measure campaigns across various marketing channels. Semrush, with over 72,000 paying customers, is headquartered in Boston and has offices in Pennsylvania, Texas, Czech Republic, Cyprus, Poland and Russia.\n<\/p>\n

Forward-looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the federal securities laws, which are statements that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201ccould,\u201d \u201cintends,\u201d \u201ctarget,\u201d \u201cprojects,\u201d \u201ccontemplates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential\u201d or \u201ccontinue\u201d or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements include, but are not limited to, statements about future operating results and our estimates of the number of shares that may become eligible for sale in the public market upon the early lock-up release.\n<\/p>\n

\nThe forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission (\u201cSEC\u201d), including in the sections entitled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations” in the final prospectus for our initial public offering filed on March 25, 2021 and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 filed on May 11, 2021. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. The forward-looking statements in this release are based on information available to Semrush as of the date hereof, and Semrush disclaims any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing Semrush\u2019s views as of any date subsequent to the date of this press release.\n<\/p>\n

\nAdditional information regarding these and other factors that could affect Semrush’s results is included in Semrush\u2019s SEC filings, which may be obtained by visiting Semrush\u2019s Investor Relations page on its website at investors.semrush.com or the SEC’s website at www.sec.gov<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210628005783\/en\/<\/a><\/span><\/p>\n

MEDIA:
\n<\/b>
Vincent Schiano
\n
Semrush Holdings, Inc.
\n<\/b>
Vincent.Schiano@semrush.com<\/a><\/p>\n

INVESTOR:
\n<\/b>
Bob Gujavarty
\n
Semrush Holdings, Inc.
\n
Bobby.Gujavarty@semrush.com<\/a><\/p>\n

KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Other Communications Marketing Other Technology Communications Software Social Media Search Engine Optimization Search Engine Marketing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Semrush Announces Early Lock-up Expiration Extension BOSTON–(BUSINESS WIRE)– Semrush Holdings, Inc. (NYSE: SEMR) (\u201cSemrush\u201d, or the “Company”), a leading online visibility management SaaS platform, announced today an extension of the early lock-up expiration date pursuant to the terms of lock-up agreements entered into with the underwriters (the “lock-up agreements”) of Semrush\u2019s initial public offering (“IPO”) of Class A common stock until the close of trading one business day following the release of earnings for the second quarter of 2021. In connection with the Company\u2019s IPO, all of its executive officers, directors, and substantially all of the holders of the Company\u2019s common stock, or securities exercisable for or convertible into the Company\u2019s Class A and Class B common stock outstanding immediately … <\/p>\n

Continue reading “Semrush Announces Early Lock-up Expiration Extension”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507318","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSemrush Announces Early Lock-up Expiration Extension - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/semrush-announces-early-lock-up-expiration-extension\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Semrush Announces Early Lock-up Expiration Extension - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Semrush Announces Early Lock-up Expiration Extension BOSTON–(BUSINESS WIRE)– Semrush Holdings, Inc. (NYSE: SEMR) (\u201cSemrush\u201d, or the “Company”), a leading online visibility management SaaS platform, announced today an extension of the early lock-up expiration date pursuant to the terms of lock-up agreements entered into with the underwriters (the “lock-up agreements”) of Semrush\u2019s initial public offering (“IPO”) of Class A common stock until the close of trading one business day following the release of earnings for the second quarter of 2021. In connection with the Company\u2019s IPO, all of its executive officers, directors, and substantially all of the holders of the Company\u2019s common stock, or securities exercisable for or convertible into the Company\u2019s Class A and Class B common stock outstanding immediately … Continue reading "Semrush Announces Early Lock-up Expiration Extension"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/semrush-announces-early-lock-up-expiration-extension\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T20:33:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210628005783r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Semrush Announces Early Lock-up Expiration Extension\",\"datePublished\":\"2021-06-28T20:33:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/\"},\"wordCount\":820,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210628005783r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semrush-announces-early-lock-up-expiration-extension\\\/\",\"name\":\"Semrush Announces Early Lock-up Expiration Extension - 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