Dell Technologies Inc.
Dell Technologies Inc. Converts Class A to Class C Common Stock Shares
Summary
On September 16 and 17, 2024, Dell Technologies Inc. converted an aggregate of 26,500,000 shares of its Class A common stock to Class C common stock. The conversion was made without registration under the Securities Act of 1933, relying on Section 3(a)(9). Following the conversion, Michael Dell beneficially owned 271,834,081 shares of Class A Common Stock and 36,912,241 shares of Class C Common Stock, excluding shares owned by trusts and individuals associated with him. The total number of Class C Common Stock shares outstanding increased to 333,874,468.
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About Dell Technologies Inc.
Dell Technologies Inc. is a multinational technology company that designs, develops, manufactures, and supports a wide range of computer-related products and services. Its primary function is to provide infrastructure solutions, personal computing devices, and IT software tailored for both consumer and enterprise markets. Dell is renowned for its innovation in developing high-performance laptops, desktops, and a comprehensive range of computer peripherals. Moreover, it plays a vital role in industries such as healthcare, finance, education, and government by offering cloud solutions and enterprise software that enhance operational efficiency. Dell Technologies' influence in the technology sector is significant, owing to its commitment to sustainability and transforming how businesses operate through digital innovation. Founded by Michael Dell in 1984 and headquartered in Round Rock, Texas, Dell Technologies has evolved into a key player in the global PC market while expanding its reach in digital transformation services."}
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