other material
confidence high
sentiment positive
materiality 0.65
Delaware Court Validates Skillz's Charter and Shares; Certificate of Correction Filed
Skillz Inc.
- Court order validates 291,706,860 Class A and 78,090,633 Class B shares issued in business combination.
- Certificate of Correction filed to fix reference to total authorized shares in prior certificate.
- Validation effective as of December 16, 2020, the original effective date of the certificate.
- Section 205 petition granted; court found good cause to validate corporate actions.