In order to maintain share price stabilization once the merger is completed, anyone with at least 1% of the shares of the company will have to agree to a lockout period. This ensures TADF grows with a stable base of investors while giving those who will ride the upsurge in share price time to get out if they want to.
What's great about the lockout if you own more than 1% is that it signals TADF is serious about its investors - they wouldn't even mention a lockout if they weren't certain they would be in business a year from whenever the merger takes place.
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