Dell Technologies Converts Class B Shares to Class C Stock

Dell Technologies has filed a Form 8-K with the SEC, detailing the conversion of 3,421,793 shares of Class B common stock to Class C common stock. The conversion was executed by Silver Lake entities, resulting in 340,673,002 shares of Class C common stock outstanding. Both Class B and Class C shares carry identical dividend and liquidation rights, ensuring parity between the two classes. The company's commitment to optimizing its capital structure and complying with regulatory frameworks underscores its strategic financial maneuver.