All shares of our capital stock outstanding immediately prior to this offering, including all shares held by our executive officers, directors and their respective affiliates, and all shares issuable on the conversion of our outstanding convertible preferred stock, will be reclassified into shares of our Class B common stock immediately prior to the completion of this offering. Each share of Class B common stock is entitled to 10 votes and is convertible into one share of Class A common stock. Each share of Class A common stock is entitled to one vote. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion rights. Following this offering, we will have two classes of authorized common stock: Class A common stock and Class B common stock.
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