other material
confidence high
sentiment neutral
materiality 0.15
Fluence Energy adopts charter amendment allowing Class B-1 to Class B-2 share conversion
Fluence Energy, Inc.
- Board approved amendment to certificate of incorporation to permit Class B-1 common stock conversion to Class B-2 common stock at a 1:1 ratio at any time at holder's option.
- Holder of 71.8% of total voting power and 100% of Class B common stock executed written consent approving the amendment.
- Record date for consent was November 17, 2022; amendment will become effective after a 20-day waiting period following mailing of information statement.