Upon completion of this offering, all outstanding shares of our Class B common stock will be held by our founders, Baiju Bhatt and Vladimir Tenev, and their related entities. For more information about our capital stock, see the section titled “Description of Capital Stock.” Upon the completion of this offering, no shares of Class C common stock will be issued and outstanding. Shares of Class C common stock have no voting rights, except as otherwise required by law, and will convert into shares of our Class A common stock, on a share-for-share basis, on the date or time determined by our board of directors following the conversion or exchange of all outstanding shares of our Class B common stock into shares of our Class A common stock. Each share of Class B common stock is entitled to 10 votes per share and is convertible at any time into one share of Class A common stock. Each share of Class A common stock is entitled to one vote per share. The rights of the holders of Class A common stock, Class B common stock and Class C common stock are identical, except with respect to voting and conversion. We have three classes of authorized common stock, Class A common stock, Class B common stock and Class C common stock (collectively, our “common stock”).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |