other material
confidence high
sentiment neutral
materiality 0.55
Blend Labs amends preferred stock terms to add director election rights for Series A holders
Blend Labs, Inc.
- Filed Certificate of Amendment to Certificate of Designations for Series A Convertible Perpetual Preferred Stock.
- Preferred stock convertible into Class A common at 307.6923 shares per $1,000, capped at 404.0729 shares.
- Amendment adds director election rights for preferred stock holders per Investment Agreement with Haveli Brooks Aggregator, L.P.
- Amendment filed after expiration of HSR Act waiting period.