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Autonomix Medical, Inc. has secured a lock-up agreement for 1,420,000 shares of its common stock until July 28, 2024. This lock-up follows a 184-day period starting from January 26, 2024, and is part of a broader agreement by company officers, directors, and major shareholders to maintain a 18-month lock-up period post-trading commencement. The lock-up will gradually release 1/5th of shares each month for five months after six months, and for nine months after listing on a national securities exchange for another group of shareholders.
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