Pony AI Inc. announced on May 14, 2025, that its co-founders, Dr. Jun Peng (Chairman, Co-founder, and CEO) and Dr. Tiancheng Lou (Co-founder and CTO), have each entered into voluntary extended lock-up agreements. These agreements cover all shares and convertible securities directly or indirectly owned by the co-founders.
The Extended Lock-Ups are for a period of 540 days, commencing from May 25, 2025, which is the expiration date of the company’s initial public offering lock-up period. This commitment covers a substantial portion of the company's equity, specifically 110,828 Class A ordinary shares and 81,088,770 Class B ordinary shares, representing approximately 22.9% of Pony AI’s total issued and outstanding ordinary shares.
Dr. James Peng commented that these voluntary agreements demonstrate the founders' confidence in Pony AI’s vision and the execution of its growth strategy. This commitment is intended to reinforce long-term shareholder confidence and support sustainable value creation, particularly during this critical stage of scaling up Robotaxi production and deployment.
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