other
confidence high
sentiment neutral
materiality 0.25
Braze issues 216,354 shares on warrant exercise; adopts amended charter and bylaws upon IPO closing
Braze, Inc.
- Issued 216,354 shares of Class B common stock to two accredited investors upon net exercise of outstanding warrants, convertible to Class A common stock.
- Transaction exempt from registration under Section 3(a)(9) of Securities Act; no underwriters or public offering involved.
- Filed Amended and Restated Certificate of Incorporation and Bylaws effective November 19, 2021, in connection with IPO closing.
- Charter and bylaw amendments previously approved by board and stockholders; prospectus filed November 18, 2021.