Fully Paid and Nonassessable
All of our outstanding shares of common stock are fully paid and nonassessable.
Transfer Agent
The transfer agent and
registrar for our common stock is EQ Shareowner Services. The transfer agent and registrars address is 1110 Centre Point Curve, Mendota Heights, Minnesota 55120-4101.
Dividends
We have never declared or paid
cash dividends on our capital stock. We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any cash dividends in the foreseeable future. Any decision to
declare dividends in the future will be made at the discretion of our board of directors and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions, and other factors that out
board of directors may deem relevant.
Preferred Stock
We had no shares of preferred stock outstanding as of February 28, 2024. Our board of directors has the authority, without further action
by the stockholders, to issue up to 500,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend rights, conversion
rights, voting rights, redemption rights, liquidation preferences, sinking fund terms and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of common stock. The
issuance of preferred stock could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have
the effect of delaying, deferring or preventing change in our control or other corporate action. We will set forth in the applicable prospectus supplement a description of any preferred stock issued by us that may be offered and sold pursuant to
this prospectus.
Anti-Takeover Effects of Certain Provisions of Delaware Law, Our Restated Certificate of
Incorporation and Our Amended and Restated Bylaws
Certain provisions of Delaware law and certain provisions in our restated
certificate of incorporation and amended and restated bylaws summarized below may be deemed to have an anti-takeover effect and may delay, deter, or prevent a tender offer or takeover attempt that a
stockholder might consider to be in its best interests, including attempts that might result in a premium being paid over the market price for the shares held by stockholders.
Preferred Stock
Our
restated certificate of incorporation contains provisions that permit our board of directors to issue, without any further vote or action by the stockholders, shares of preferred stock in one or more series and, with respect to each such series, to
fix the number of shares constituting the series and the designation of the series, the voting rights (if any) of the shares of the series, and the powers, preferences or relative, participation, optional and other special rights, if any, and any
qualifications, limitations or restrictions, of the shares of such series.
Classified Board of Directors
Our restated certificate of incorporation provides that our board of directors is divided into three classes, designated Class I,
Class II, and Class III. Each class has an equal number of directors, as nearly as possible,
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