DSC Holdings (NYSE: DSC) CEO reshapes Class A/B stake pre-IPO
Rhea-AI Filing Summary
DSC Holdings Ltd. disclosed large equity restructurings tied to its initial public offering. Entities associated with Chief Executive Officer Yao Junhong converted preferred and ordinary shares into Class A and Class B ordinary shares at a stated price of $0.00 per share, so these are non-cash events.
The filing shows conversions of derivative securities into 310,691,633 shares and other restructuring transactions covering 219,660,700 shares. Crystal Gem Holdings Limited, Cheche Group Limited and Binary Sky Limited now hold these stakes indirectly for the reporting person. No open-market buys or sells were reported, and no derivative positions remain in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 310,691,633 shares
Net Buy
16 txns
Insider
Yao Junhong
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series D-1 preferred shares | 44,094,200 | $0.00 | $0.00 |
| Conversion | Series E-1 preferred shares | 108,466,752 | $0.00 | $0.00 |
| Conversion | Series E-2 preferred shares | 96,088,171 | $0.00 | $0.00 |
| Conversion | Series E-2 preferred shares | 43,635,180 | $0.00 | $0.00 |
| Conversion | Series E-3 preferred shares | 17,267,771 | $0.00 | $0.00 |
| Conversion | Series F preferred shares | 1,139,559 | $0.00 | $0.00 |
| Other | Ordinary shares | 108,330,350 | $0.00 | $0.00 |
| Other | Class B ordinary shares | 108,330,350 | $0.00 | $0.00 |
| Conversion | Class B ordinary shares | 1,139,559 | $0.00 | $0.00 |
| Conversion | Class B ordinary shares | 108,466,752 | $0.00 | $0.00 |
| Conversion | Class B ordinary shares | 96,088,171 | $0.00 | $0.00 |
| Conversion | Class B ordinary shares | 17,267,771 | $0.00 | $0.00 |
| Other | Ordinary shares | 1,500,000 | $0.00 | $0.00 |
| Other | Class A ordinary shares | 1,500,000 | $0.00 | $0.00 |
| Conversion | Class A ordinary shares | 44,094,200 | $0.00 | $0.00 |
| Conversion | Class A ordinary shares | 43,635,180 | $0.00 | $0.00 |
Holdings After Transaction:
Series D-1 preferred shares — 0 shares (Indirect, Held by Crystal Gem Holdings Limited);
Series E-1 preferred shares — 0 shares (Indirect, Held by Cheche Group Limited);
Series E-2 preferred shares — 0 shares (Indirect, Held by Cheche Group Limited);
Series E-2 preferred shares — 0 shares (Indirect, Held by Crystal Gem Holdings Limited);
Series E-3 preferred shares — 0 shares (Indirect, Held by Cheche Group Limited);
Series F preferred shares — 0 shares (Indirect, Held by Binary Sky Limited);
Ordinary shares — 0 shares (Indirect, Held by Binary Sky Limited);
Class B ordinary shares — 109,469,909 shares (Indirect, Held by Binary Sky Limited);
Class B ordinary shares — 221,822,694 shares (Indirect, Held by Cheche Group Limited);
Ordinary shares — 0 shares (Indirect, Held by Crystal Gem Holdings Limited);
Class A ordinary shares — 89,229,380 shares (Indirect, Held by Crystal Gem Holdings Limited)
Footnotes (4)
- F1. Immediately prior to the completion of the Issuer's initial public offering, each ordinary share was redesignated as Class B ordinary shares on a one-for-one basis.
- F2. Immediately prior to the completion of the Issuer's initial public offering, each ordinary share was redesignated as Class A ordinary shares on a one-for-one basis.
- F3. Immediately prior to the completion of the Issuer's initial public offering, such Series D-1 and Series E-2 preferred shares were converted and redesignated as Class A ordinary shares.
- F4. Immediately prior to the completion of the Issuer's initial public offering, such Series E-1, Series E-2, Series E-3 and Series F preferred shares were converted and redesignated as Class B ordinary shares.
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