other_material
confidence high
sentiment neutral
materiality 0.85
Sensei Biotherapeutics schedules June 10 vote on Series B conversion that would trigger change of control
Sensei Biotherapeutics, Inc.
- Annual meeting on June 10, 2026 to vote on conversion of Series B Preferred Stock into common stock.
- Conversion would issue ~24.4M shares, representing >20% of outstanding and result in change of control per Nasdaq rules.
- Pro forma shows reclassification of $321.9M from preferred stock to equity; net loss per share improves from $131.45 to $6.62.
- Conversion contingent on stockholder approval; if approved, occurs three business days after vote.
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