Internet Sciences converts all Class B shares to Class A, eliminates dual-class structure

INTERNET SCIENCES INC.

On Sept 27, 2024, all Class B shares converted to Class A shares via amendment to Articles of Incorporation.
Conversion involved no cash consideration; exemption from registration relied on Section 3(a)(9).
Dual-class capital structure eliminated, consolidating all voting rights into Class A shares.
Board resolution and majority shareholder consent approved the conversion effective Sept 27, 2024.
Company states the amendment simplifies capital structure and enhances shareholder value.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INTERNET SCIENCES INC.: Amendment to Articles of Incorporation to convert all Class B Shares into Class A Shares (effective 2024-09-27).

Change: charter amendment
Effective: 2024-09-27

Exact text from the filing

On September 27, 2024, the "Registrant filed an amendment to its Articles of Incorporation with the Delaware Secretary of State. This amendment effectuates the conversion of all issued and outstanding Class B Shares of the Registrant into Class A Shares.

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Source: SEC EDGAR

accession 0001477932-24-006146

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