You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus, This offering is being made in the United States and elsewhere solely on the basis of the information contained in this prospectus. Neither we nor the underwriters, nor any of their respective agents, are making an offer to sell the Class A common stock in any jurisdiction where the offer or sale is not permitted. Neither we nor the underwriters, nor any of their respective agents, have authorized any other person to provide you with different or additional information. Neither we nor the underwriters, nor any of their respective agents, take responsibility for, and can provide any assurance as to the reliability of, any other information that others may give you. Neither we nor the underwriters, nor any of their respective agents, have authorized anyone to provide any information other than that contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we may have referred you. See “Management - Controlled Company Exemption” and “Description of Capital Stock.” Accordingly, we will be a “controlled company” as defined under the corporate governance rules of Nasdaq. Following this offering, our issued and outstanding Class B common stock will represent approximately % of the combined voting power of our outstanding common stock, assuming no exercise of the underwriters’ option to purchase additional shares, and Mr. Hai Shi (“Mr. Shi”), our Founder and Chairman, will beneficially own % of the combined voting power of our outstanding common stock. Holders of Class A common stock and Class B common stock will vote together as a single class on all matters unless otherwise required by law. Each share of Class B common stock will be entitled to ten votes and will be convertible into one share of Class A common stock automatically upon transfer, subject to certain exceptions. Each share of Class A common stock will be entitled to one vote. The rights of the holders of Class A common stock and Class B common stock will be identical, except with respect to voting, conversion and transfer restrictions applicable to the Class B common stock. Upon completion of this offering, we will have two classes of common stock: our Class A common stock and our Class B common stock.
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