other material
confidence high
sentiment neutral
materiality 0.75
Marin Software issues single Series A Preferred share to CEO Lien with special voting rights on sale/dissolution
MARIN SOFTWARE INC
- Issued one Series A Preferred share to CEO Christopher Lien for $1.00 on April 25, 2025.
- Share voting rights: on sale/dissolution proposals, holder can cast votes equal to outstanding common shares.
- No dividend rights; liquidation preference of $0.01 before common shareholders.
- Transfer restricted without Board consent.
- Delaware voided charter for failure to file annual reports; revived on April 23, now in good standing.