Nevada Reclassification of Class B common stock into Class A common stock
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FAQ
Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
Investors purchasing Class B shares may instead pay a fee when selling their shares, but the fee may be waived when holding the shares five years or longer. In addition, Class B shares may convert to Class A shares if held long term.
Class B shares are financial instruments which represent ownership in a company and proportionate claims on its assets. They exist in companies with dual-class structures or with multiple classes of stock with differences in their voting rights attached to each class.
Receive B Shares Note: B Shares are not listed on the London Stock Exchange and therefore there is no ready market in which you can sell your B Shares (although they will be capable of being transferred privately).
A series is a subset of a class of shares. If provided for in its articles, a corporation can issue a class of shares in one or more series. The articles may also authorize the directors to create and designate a class of shares in one or more series.
share is a share class that charges a sales load in a mutual fund. This means investors pay a charge when they redeem from the fund. This is different from a frontloaded fund, which requires payment upon purchase.