Meta Plans One-for-One Distribution of Nonvoting Class C Shares
Photo: TokenPost
Meta plans to give holders of its Class A and Class B shares one publicly traded, nonvoting Class C share for each share they own, adding a new listed class without adding votes. Meta’s board approved the new class, and shareholders approved the related charter amendments by written consent. The changes are scheduled to take effect Jan. 19, 2027. The company will make the distribution as a one-time stock dividend. Each existing Class A or Class B share qualifies for one Class C share, and the board has not set the record date or distribution date.
Also reported by Coinotag.
Source: TokenPost
