other material
confidence high
sentiment neutral
materiality 0.50
Rapid Micro Biosystems files restated certificate and bylaws effective with IPO closing
RAPID MICRO BIOSYSTEMS, INC.
- Filed restated certificate with Delaware on July 19, 2021, effective upon IPO closing.
- Authorized capital: 210M Class A common, 10M Class B common, and 10M undesignated preferred shares.
- Established classified board with staggered three-year terms; directors removable only for cause with two-thirds vote.
- Eliminated stockholder action by written consent; designated Delaware and federal courts as exclusive forums.
- Board and stockholders approved the documents prior to effectiveness.