other material
confidence high
sentiment neutral
materiality 0.25
Silver Lake converts 5.1M Class B shares to Class C common stock
Dell Technologies Inc.
- Aggregate 5,139,967 Class B shares converted to Class C between Mar 13-21, 2024.
- Conversion done by Silver Lake entities at one-to-one ratio under certificate of incorporation.
- Issuance exempt from registration under Securities Act Section 3(a)(9); no commissions paid.
- Class C shares carry same dividend and liquidation rights as Class B shares.