Company: DKI
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001493152-25-010539
Chunk: 167

Company: DarkIris Inc.
Filing Date: 2025-03-17
Form: DRS
Chunk 167
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 convertible into or exchangeable for, or that represent the right to receive, our ordinary shares or any such substantially similar securities.

Furthermore, each of our directors, executive officers, and owners of 5% or more of our ordinary shares has also entered into a similar lock-up agreement for a period of 6 months from the closing of this offering, subject to certain exceptions, with respect to our ordinary shares and securities that are substantially similar to our ordinary shares. These parties collectively own all of our outstanding ordinary shares, without giving effect to this offering.

Other than this offering, we are not aware of any plans by any significant shareholders to dispose of significant numbers of our Class A Ordinary Shares. However, one or more existing shareholders or owners of securities convertible or exchangeable into or exercisable for our Class A Ordinary Shares may dispose of significant numbers of our Class A Ordinary Shares in the future. We cannot predict what effect, if any, future sales of our Class A Ordinary Shares, or the availability of Class A Ordinary Shares for future sale, will have on the trading price of our Class A Ordinary Shares from time to time. Sales of substantial amounts of our Class A Ordinary Shares in the public market, or the perception that these sales could occur, could adversely affect the trading price of our Class A Ordinary Shares.

Rule 144

All of our Shares outstanding prior to this Offering are “restricted shares” as that term is defined in Rule 144 under the Securities Act and may be sold publicly in the United States only if they are subject to an effective registration statement under the Securities Act or pursuant to an exemption from the registration requirements. Under Rule 144 as currently in effect, a person who has beneficially owned our Shares for at least six months is generally entitled to sell the restricted securities without registration under the Securities Act beginning 90 days after the date of this prospectus, subject to certain additional restrictions.

Subject to the Lock-Up Agreements, our affiliates may sell within any three-month period a number of Shares that does not exceed the greater of the following:

| ● | 1%                                                                                           
 of the then outstanding Shares of the same class, which will equal approximately [___] Class 
 A Ordinary Shares, and [___]Class B Ordinary Shares immediately after this Offering; or      |

| ● | the                                                                                            
 average weekly trading volume of our Shares on Nasdaq during the four calendar weeks preceding 
 the date on which notice of the sale is filed with the SEC.                                    |

Affiliates who sell restricted securities under Rule 144 may not solicit