The company said it issued 25,000,000 shares of Class C common stock on November 29, 2024 upon the conversion of 25,000,000 shares of Class A common stock held by Michael Dell, with the same number of Class C shares issued.

1. 01

   The company said it issued 25,000,000 shares of Class C common stock on November 29, 2024 upon the conversion of 25,000,000 shares of Class A common stock held by Michael Dell, with the same number of Class C shares issued.

2. 02

   The company said that, after giving effect to the conversion, Michael Dell beneficially owned 246,834,081 shares of Class A common stock and 41,912,241 shares of Class C common stock as of the close of business on November 29, 2024.

3. 03

   The company said that as of November 29, 2024, after giving effect to the conversion, 357,514,884 shares of Class C common stock were outstanding.

4. 04

   The company said holders of Class A common stock have the right to convert them into Class C common stock on a one-to-one basis, and that the issuance was made in reliance on the exemption from registration under Section 3(a)(9) of the Securities Act of 1933.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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