South Dakota Reclassification of Class B common stock into Class A common stock

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US-CC-3-189T
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This sample form, a detailed Reclassification of Class B Common Stock Into Class A Common Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchange for their investment.

What Is a Class of Shares? A class of shares is a type of listed company stock that is differentiated by the level of voting rights shareholders receive. For example, a listed company might have two share classes, or classes of stock, designated as Class A and Class B.

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.

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.

Within corporate share structure there are two classes of shares. The first class of shares is a common share. The corporation may issue common shares as voting shares or non-voting shares. The second class of share is a preferred share.

Series 1 Shares means the cumulative rate reset preference shares, series 1 issued by the Company "Series 3 Shares" means the cumulative rate reset preference shares, series 3 issued by the Company "Series 5 Shares" means the cumulative rate reset preference shares, series 5 issued by the Company.

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South Dakota Reclassification of Class B common stock into Class A common stock