TH International (THCH) has released an update.
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TH International Limited has announced the designation of two new series of Preferred Shares, ‘Class A-1 Special Voting Convertible Preferred Shares’ and ‘Series A-2 Convertible Preferred Shares,’ as part of its share capital structure. With the Board of Directors’ authority, the company has established the terms for these shares, including voting rights and conversion rights. This strategic move aims to enhance the company’s capital flexibility and governance structure.
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