Corporate ActionMay 29, 2026, 02:03 PM
OPENLANE Eliminates Series A Convertible Preferred Stock
AI Summary
OPENLANE, Inc. announced the filing of a Certificate of Elimination with the Delaware Secretary of State on May 29, 2026. This action formally eliminated the Certificate of Designations pertaining to the Company's Series A Convertible Preferred Stock. As a result, all provisions related to the Series A Preferred Stock have been removed from the Company's Amended and Restated Certificate of Incorporation.
Key Highlights
- OPENLANE, Inc. filed a Certificate of Elimination with the Delaware Secretary of State on May 29, 2026.
- The filing eliminated the Certificate of Designations related to the Company's Series A Convertible Preferred Stock.
- All matters concerning the Series A Preferred Stock were removed from the Company's Amended and Restated Certificate of Incorporation.
Price Impact
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