other_materialconfidence high
Mobia Medical completes IPO, adopts amended charter with classified board and exclusive forum provisions
Mobia Medical, Inc.
- IPO closed May 11, 2026; authorized common stock increased to 950M shares; 50M shares of undesignated preferred stock authorized.
- Board classified into three classes with staggered three-year terms; directors removable only for cause with 2/3 supermajority vote.
- Stockholder action by written consent eliminated; advance notice required for director nominations and proposals.
- Exclusive forum: Delaware Chancery for internal corporate claims; federal courts for Securities Act claims.
- Amended and restated bylaws effective concurrently with charter; procedures for stockholder proposals and nominations established.
item 5.03item 9.01
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