Dell Technologies Inc.
Dell Technologies Announces Unregistered Conversion of Class A to Class C Common Stock
Summary
On November 29, 2024, Dell Technologies Inc. issued 25,000,000 shares of Class C common stock upon conversion of Class A common stock held by Michael Dell. This conversion increased Michael Dell's total beneficial ownership of Class C common stock to 41,912,241 shares. The Company had a total of 357,514,884 shares of Class C common stock outstanding after the conversion. The issuance was made without registration in reliance on the exemption under Section 3(a)(9) of the Securities Act of 1933.
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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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