Nio Inc (NIO)

[sambeaux]

Joma, here you go:
(not saying this has to be NIO case... but...
Offering Restrictions

While most secondary offerings do not come with restrictions, it is important for investors to verify whether any restrictions exist around a secondary offering. For example, a secondary offering could carry a lock-up period, during which time purchased shares cannot be sold, similar to those that typically follow an IPO.
Timing

Traders should be cautious when trading around secondary offerings, which means it is important for short- and medium-term traders to anticipate when a secondary offering might be announced.