返回社区

PART 50 / 63 spaceX招股书

法量客服
2026-06-21 13:56:57 · 阅读 0

发行条款(The Offering):投票权 + A/B 转换规则

ENGLISH · ORIGINAL

These provisions could limit our shareholders' ability to pursue certain claims and/or increase the cost of doing so and could also affect the procedures, rights, and remedies available to our shareholders in such legal actions or proceedings. • Upon completion of this offering, Mr. Musk will serve as our Chief Executive Officer, Chief Technical Officer, and Chairman of our board and control the election of our directors, and our dual class structure concentrates voting control with Mr. Musk and other B common stock. This will limit or preclude your ability to influence corporate matters and the election of our directors. 17 Table of Contents The Offering Issuer ...................................................................... Space Exploration Technologies Corp. Class A common stock offered by us ..................... shares (or shares if the underwriters exercise their option to purchase additional shares of Class A common stock in full). Class A common stock outstanding immediately after this offering ................................................ shares (or shares if the underwriters exercise their option to purchase additional shares of Class A common stock in full). Class B common stock outstanding immediately after this offering ................................................ shares. Voting power of Class A common stock after giving effect to this offering ............................... % (or % if the underwriters exercise their option to purchase additional shares of Class A common stock in full). Voting power of Class B common stock after giving effect to this offering ............................... % (or % if the underwriters exercise their option to purchase additional shares of Class A common stock in full). Voting rights ........................................................... Each share of Class A common stock will entitle its holder to one vote per share. Each share of Class B common stock will entitle its holder to 10 votes per share. Class A shareholders and Class B shareholders will vote together as a single class on all matters to be voted on by shareholders under our charter, except the holders of our Class B common stock will have the right to elect a majority of our board and have certain other voting rights as a class. Each share of Class B common stock will be convertible at any time at the option of the holder into one share of our Class A common stock. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon a Transfer (as defined in the charter) of that share of Class B common stock, whether or not for value, except for Permitted Transfers (as defined in the charter).

中文翻译

发行条款(The Offering):投票权 + A/B 转换规则

这些条款——可能限制股东追究某些诉求的能力或提高追究成本——也会影响股东在这种法律诉讼或程序中可用的程序、权利和救济

  • 本次发行完成后——Musk 将担任我们的 CEO、CTO、董事长——控制董事的选举——我们的双重股权结构——把投票权集中到了 Musk 和其他 B 类普通股持有者手中这会限制或排除你影响公司事务和董事选举的能力

发行方案(The Offering)

项目 内容 发行人(Issuer) Space Exploration Technologies Corp. 我们发售的 A 类普通股 _____ 股(如果承销商完全行使 A 类普通股超额配售权,则为 _____ 股)。 本次发行后立即流通的 A 类普通股 _____ 股(同上,含超额配售权情形)。 本次发行后立即流通的 B 类普通股 _____ 股本次发行后 A 类普通股的投票权占比 _____ %(含超额配售权情形)。 本次发行后 B 类普通股的投票权占比 _____ %(含超额配售权情形)。

投票权(Voting rights)

  • 每一股 A 类普通股1 股 1 票

  • 每一股 B 类普通股1 股 10 票

  • A 类和 B 类股东——根据章程——在所有需要股东投票的事项上作为一个单一类别一起投票——

  • 例外B 类普通股的持有者——有权选出我们董事会的多数席位——还有一些其他"作为一个类别"的投票权

  • 每一股 B 类普通股

  • 可以由持有者随时选择——转换为 1 股 A 类普通股

  • 或者——一旦发生"该 B 类普通股的转让"(Transfer,定义见章程)——无论是为对价还是不为对价——会自动转换为 1 股 A 类普通股——"允许的转让"(Permitted Transfers,定义见章程)除外

请参阅招股书其他章节的**"对股权证券的描述"(Description of Capital Stock)**。

💸 募集资金 + 分红

点赞 1 评论 1 阅读 0
全部评论 1
  • 孟飞 2026-06-24 20:42:16

    这个双重股权结构确实把控制权高度集中在马斯克手里,B股10倍投票权加上他身兼CEO、CTO、董事长,普通股东基本没法影响公司决策。对于看好SpaceX长期愿景的人可能无所谓,但如果是想通过投票权制衡管理层或参与重大事项,基本没戏。这种设计在科技公司里常见,但极端程度堪比Snap的零投票权IPO。不知道未来B股转让限制具体有多严,会不会影响马斯克减持或融资灵活性?

    点赞 0 回复 0

想参与互动?打开法量小程序体验完整功能

打开小程序
小程序码
微信扫码打开