BackSummary
All Class B ordinary shares were converted into Class A ordinary shares on a one-for-one basis, eliminating the dual-class structure.
Key takeaways
- 7,187,500 Class B shares converted to Class A shares, simplifying capital structure.
- No Class B shares remain outstanding; all shares are now Class A.
- Conversion does not affect voting power or shareholder vote counting.
- Terms from the Letter Agreement continue to apply to converted shares.
- Post-conversion, approximately 35,937,500 Class A shares are outstanding.