Meta shareholders approve creation of non-voting Class C stock
Bitget2026/11/02 21:56- Meta Platforms' recapitalization secured shareholder written consent on October 20, 2026, following board approval on October 19.
- The restated charter creates non-voting Class C common stock, effective January 19, 2027, enabling equity financing without diluting existing shareholders' voting power.
- The board declared one Class C share per outstanding Class A or Class B share, payable within five business days of charter effectiveness.
- Shareholders also authorized Class C common stock issuance under the 2025 Equity Incentive Plan, effective January 19, 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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