This past June, autonomous vehicle technology startup Zoox agreed to be acquired by Amazon for a whopping $1.3 billion. Time for the common stockholders to pop the champagne, right? Not exactly, according to a complaint filed in the Delaware Court of Chancery by two common stockholders. Although many details have been redacted from the public
preferred stock
WeWork, SoftBank and Anti-Dilution Protection
By Alon Y. Kapen on
Posted in anti-dilution, full-ratchet, IPOs, preferred stock, registration statement, S-1, SEC, SoftBank, venture capital, weighted average, WeWork
The corporate spectacle better known as The We Company IPO officially and mercifully came to an end September 30 when The We Company (“We Co.”), the corporate parent of WeWork, requested that the Securities and Exchange Commission consent to the withdrawal of We Co.’s registration statement because it “no longer wishes to conduct a public…