secwatch.observer — SEC 8-K summary
======================================

Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001855747-24-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs amends preferred stock terms to add director election rights for Series A holders
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000060/0001855747-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000060/blnd-20240618.htm
  HTML page:      https://secwatch.observer/filing/0001855747-24-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer