STOCK TITAN

[Form 4] The Hershey Company Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

ProKidney Corp. (PROK) filed a Post-Effective Amendment No. 1 to its previously effective Form S-4 on 3 July 2025 to reflect the company’s completed domestication from the Cayman Islands to Delaware, which became effective 1 July 2025. The amendment, submitted under Rule 414(d), formally adopts the earlier Cayman Islands registration statement as the successor Delaware issuer’s own, avoiding any lapse in Securities Act or Exchange Act coverage.

Key points for investors:

  • Corporate domicile change: The legal entity is now a Delaware corporation governed by the DGCL, its new certificate of incorporation and by-laws. Delaware’s well-established case law may enhance predictability around shareholder rights and M&A activity.
  • Capital continuity: Every Class A and Class B ordinary share of the Cayman entity automatically converted 1-for-1 into the same class of Delaware common stock with identical proportional equity interests; no dilution or change in share count occurred.
  • Listing & identifiers: Shares continue trading on Nasdaq Capital Market under ticker “PROK”; however, the CUSIP changed to 74291D 104.
  • Management & operations unchanged: Business, assets, liabilities, fiscal year and the full board/executive team remain exactly the same post-domestication.
  • Expert consents & exhibits: New opinions from Akin Gump (Ex. 5.1) and EY’s audit consent (Ex. 23.1) are filed; Delaware charter and by-laws are incorporated by reference.
  • Indemnification framework: The filing details DGCL provisions and the company’s charter/by-law clauses that limit director & officer liability and permit broad indemnification, supplemented by D&O insurance and individual indemnification agreements.

No new securities are being offered and the amendment is largely administrative; it ensures continuous SEC registration and updates the governing law and disclosure cross-references to reflect the Delaware entity.

ProKidney Corp. (PROK) ha presentato il 3 luglio 2025 un Emendamento Post-Efficace n. 1 al suo modulo S-4 precedentemente efficace, per riflettere il completamento della domesticazione dalla Cayman Islands al Delaware, divenuta effettiva il 1° luglio 2025. L’emendamento, presentato ai sensi della Regola 414(d), adotta formalmente la precedente dichiarazione di registrazione delle Cayman Islands come quella del successore emittente del Delaware, evitando qualsiasi interruzione nella copertura ai sensi del Securities Act o dell’Exchange Act.

Punti chiave per gli investitori:

  • Cambio di domicilio societario: L’entità legale è ora una società del Delaware regolata dal DGCL, dal nuovo certificato di costituzione e dallo statuto. La consolidata giurisprudenza del Delaware può aumentare la prevedibilità in materia di diritti degli azionisti e attività di M&A.
  • Continuità del capitale: Ogni azione ordinaria Classe A e Classe B dell’entità delle Cayman è stata automaticamente convertita 1 a 1 nella stessa classe di azioni ordinarie del Delaware con identica partecipazione proporzionale; non si è verificata alcuna diluizione o variazione del numero di azioni.
  • Quotazione e identificativi: Le azioni continuano a essere negoziate sul Nasdaq Capital Market con il ticker “PROK”; tuttavia, il CUSIP è cambiato in 74291D 104.
  • Management e operazioni invariati: L’attività, gli asset, le passività, l’esercizio fiscale e l’intero consiglio/esecutivo rimangono esattamente gli stessi dopo la domesticazione.
  • Consensi degli esperti ed allegati: Sono stati depositati nuovi pareri di Akin Gump (Es. 5.1) e il consenso di revisione di EY (Es. 23.1); lo statuto e il regolamento del Delaware sono incorporati per riferimento.
  • Quadro di indennizzo: La documentazione dettaglia le disposizioni del DGCL e le clausole dello statuto/regolamento societario che limitano la responsabilità di amministratori e dirigenti e consentono un’ampia indennizzazione, integrata da assicurazione D&O e accordi individuali di indennizzo.

Non vengono offerte nuove azioni e l’emendamento è principalmente di natura amministrativa; garantisce la continuità della registrazione SEC e aggiorna la legge applicabile e i riferimenti informativi per riflettere l’entità del Delaware.

ProKidney Corp. (PROK) presentó el 3 de julio de 2025 una Enmienda Post-Efectiva N° 1 a su Formulario S-4 previamente efectivo, para reflejar la domesticación completada desde las Islas Caimán a Delaware, que entró en vigor el 1 de julio de 2025. La enmienda, presentada bajo la Regla 414(d), adopta formalmente la declaración de registro anterior de las Islas Caimán como propia del emisor sucesor en Delaware, evitando cualquier interrupción en la cobertura bajo la Ley de Valores o la Ley de Intercambio.

Puntos clave para los inversores:

  • Cambio de domicilio corporativo: La entidad legal es ahora una corporación de Delaware regida por el DGCL, su nuevo certificado de incorporación y estatutos. La jurisprudencia establecida de Delaware puede mejorar la previsibilidad en cuanto a derechos de accionistas y actividades de fusiones y adquisiciones.
  • Continuidad de capital: Cada acción ordinaria Clase A y Clase B de la entidad de las Islas Caimán se convirtió automáticamente 1 a 1 en la misma clase de acciones ordinarias de Delaware con intereses patrimoniales proporcionales idénticos; no hubo dilución ni cambio en el número de acciones.
  • Listado e identificadores: Las acciones continúan cotizando en el Nasdaq Capital Market bajo el símbolo “PROK”; sin embargo, el CUSIP cambió a 74291D 104.
  • Dirección y operaciones sin cambios: El negocio, activos, pasivos, año fiscal y el consejo completo/equipo ejecutivo permanecen exactamente iguales tras la domesticación.
  • Consentimientos de expertos y anexos: Se presentaron nuevas opiniones de Akin Gump (Ex. 5.1) y el consentimiento de auditoría de EY (Ex. 23.1); el estatuto y reglamentos de Delaware se incorporan por referencia.
  • Marco de indemnización: La presentación detalla las disposiciones del DGCL y las cláusulas del estatuto/reglamento que limitan la responsabilidad de directores y oficiales y permiten una amplia indemnización, complementada con seguro D&O y acuerdos individuales de indemnización.

No se ofrecen nuevos valores y la enmienda es mayormente administrativa; asegura la continuidad del registro ante la SEC y actualiza la ley aplicable y las referencias de divulgación para reflejar la entidad de Delaware.

ProKidney Corp. (PROK)는 2025년 7월 3일에 이전에 효력이 있었던 Form S-4에 대한 1차 사후 효력 수정안을 제출하여, 2025년 7월 1일부로 효력이 발생한 케이맨 제도에서 델라웨어로의 국내 이전을 반영했습니다. 이 수정안은 규칙 414(d)에 따라 제출되었으며, 이전 케이맨 제도 등록 명세서를 델라웨어 후임 발행인의 것으로 공식 채택하여 증권법 및 거래법 적용의 공백을 방지합니다.

투자자를 위한 주요 사항:

  • 기업 소재지 변경: 법적 실체가 이제 DGCL에 따라 운영되는 델라웨어 법인으로 전환되었으며, 새로운 설립 증명서와 정관이 적용됩니다. 델라웨어의 확립된 판례법은 주주 권리 및 인수합병 활동에 대한 예측 가능성을 높일 수 있습니다.
  • 자본 연속성: 케이맨 법인의 모든 클래스 A 및 클래스 B 보통주는 동일한 클래스의 델라웨어 보통주로 1대 1 자동 전환되었으며, 동일한 비례 지분을 유지합니다; 희석이나 주식 수 변경은 없습니다.
  • 상장 및 식별자: 주식은 계속해서 나스닥 캐피털 마켓에서 티커 “PROK”로 거래되지만, CUSIP은 74291D 104로 변경되었습니다.
  • 경영진 및 운영 변동 없음: 사업, 자산, 부채, 회계연도 및 전체 이사회/임원진은 국내 이전 이후에도 동일하게 유지됩니다.
  • 전문가 동의 및 서류: Akin Gump의 새로운 법률 의견서(첨부 5.1)와 EY의 감사 동의서(첨부 23.1)가 제출되었으며, 델라웨어 헌장과 정관이 참고 문헌으로 포함되었습니다.
  • 면책 체계: 제출 문서에는 DGCL 조항과 이사 및 임원의 책임을 제한하고 광범위한 면책을 허용하는 회사 헌장 및 정관 조항이 상세히 설명되어 있으며, D&O 보험과 개별 면책 계약으로 보완됩니다.

새로운 증권은 제공되지 않으며, 이번 수정안은 주로 행정적 성격으로 SEC 등록의 연속성을 보장하고 델라웨어 법인에 맞게 적용 법률 및 공시 참조를 업데이트합니다.

ProKidney Corp. (PROK) a déposé le 3 juillet 2025 un Amendement Post-Efficace n° 1 à son formulaire S-4 précédemment effectif, afin de refléter la domestication achevée des Îles Caïmans vers le Delaware, devenue effective le 1er juillet 2025. L’amendement, soumis en vertu de la règle 414(d), adopte formellement la déclaration d’enregistrement antérieure des Îles Caïmans en tant que celle du successeur émetteur du Delaware, évitant ainsi toute interruption de la couverture au titre du Securities Act ou de l’Exchange Act.

Points clés pour les investisseurs :

  • Changement de domicile social : L’entité juridique est désormais une société du Delaware régie par le DGCL, son nouveau certificat d’incorporation et ses statuts. La jurisprudence bien établie du Delaware peut renforcer la prévisibilité concernant les droits des actionnaires et les opérations de fusion-acquisition.
  • Continuité du capital : Chaque action ordinaire de classe A et B de l’entité des Îles Caïmans a été automatiquement convertie au ratio 1 pour 1 en actions ordinaires de même classe du Delaware avec des intérêts proportionnels identiques ; aucune dilution ni modification du nombre d’actions n’est intervenue.
  • Cotation et identifiants : Les actions continuent de se négocier sur le Nasdaq Capital Market sous le symbole “PROK” ; toutefois, le CUSIP a changé pour 74291D 104.
  • Direction et opérations inchangées : L’activité, les actifs, les passifs, l’exercice fiscal ainsi que le conseil d’administration complet et l’équipe exécutive restent exactement les mêmes après la domestication.
  • Consentements d’experts et annexes : De nouveaux avis d’Akin Gump (Annexe 5.1) et le consentement d’audit d’EY (Annexe 23.1) ont été déposés ; la charte et les statuts du Delaware sont incorporés par référence.
  • Cadre d’indemnisation : Le dépôt détaille les dispositions du DGCL et les clauses de la charte/statuts de la société qui limitent la responsabilité des administrateurs et dirigeants et permettent une large indemnisation, complétée par une assurance D&O et des accords individuels d’indemnisation.

Aucune nouvelle valeur mobilière n’est offerte et l’amendement est principalement administratif ; il garantit la continuité de l’enregistrement auprès de la SEC et met à jour la loi applicable ainsi que les références de divulgation pour refléter l’entité du Delaware.

ProKidney Corp. (PROK) reichte am 3. Juli 2025 eine Nachwirkende Änderung Nr. 1 zu ihrem zuvor wirksamen Formular S-4 ein, um die abgeschlossene Domizilverlegung von den Kaimaninseln nach Delaware widerzuspiegeln, die am 1. Juli 2025 wirksam wurde. Die Änderung, eingereicht gemäß Regel 414(d), übernimmt formell die frühere Registrierungserklärung der Kaimaninseln als die des nachfolgenden Emittenten in Delaware, um eine Unterbrechung des Schutzes nach dem Securities Act oder Exchange Act zu vermeiden.

Wichtige Punkte für Investoren:

  • Änderung des Unternehmensdomizils: Die rechtliche Einheit ist nun eine Gesellschaft nach Delaware-Recht, geregelt durch das DGCL, ihre neue Satzung und Geschäftsordnung. Die etablierte Rechtsprechung Delawares kann die Vorhersehbarkeit in Bezug auf Aktionärsrechte und M&A-Aktivitäten verbessern.
  • Kapitalfortführung: Jede Stammaktie der Klassen A und B der Kaiman-Institution wurde automatisch 1:1 in dieselbe Klasse von Stammaktien in Delaware mit identischen proportionalen Beteiligungen umgewandelt; keine Verwässerung oder Änderung der Aktienanzahl erfolgte.
  • Notierung & Kennungen: Die Aktien werden weiterhin an der Nasdaq Capital Market unter dem Tickersymbol „PROK“ gehandelt; der CUSIP änderte sich jedoch zu 74291D 104.
  • Management & Betrieb unverändert: Geschäft, Vermögenswerte, Verbindlichkeiten, Geschäftsjahr sowie der gesamte Vorstand und das Führungsteam bleiben nach der Domizilverlegung unverändert.
  • Expertenzustimmungen & Anhänge: Neue Gutachten von Akin Gump (Anhang 5.1) und die Prüfungszustimmung von EY (Anhang 23.1) wurden eingereicht; die Delaware-Satzung und Geschäftsordnung sind durch Verweis aufgenommen.
  • Entschädigungsrahmen: Die Einreichung beschreibt die DGCL-Bestimmungen und die Satzungs-/Geschäftsordnungs-Klauseln, die die Haftung von Direktoren und Führungskräften begrenzen und eine umfassende Entschädigung ermöglichen, ergänzt durch D&O-Versicherung und individuelle Entschädigungsvereinbarungen.

Es werden keine neuen Wertpapiere angeboten und die Änderung ist überwiegend administrativ; sie gewährleistet die kontinuierliche SEC-Registrierung und aktualisiert das geltende Recht sowie Offenlegungsverweise, um die Delaware-Einheit widerzuspiegeln.

Positive
  • Improved legal framework: Delaware incorporation offers clearer corporate governance standards and may broaden institutional investor appeal.
  • No dilution risk: 1-for-1 conversion ensures shareholder ownership percentages remain unchanged post-domestication.
Negative
  • None.

Insights

TL;DR — Re-domiciling to Delaware is administratively complex but strategically neutral-to-positive; no economic impact on shares.

Moving from the Cayman Islands to Delaware positions ProKidney within the U.S.’s most sophisticated corporate law regime. Investors often view Delaware charters as providing clearer fiduciary standards, efficient courts (Chancery Court) and greater deal certainty in potential M&A scenarios. The amendment confirms 1-for-1 share conversion, unchanged operations and board continuity, eliminating dilution concerns. Delaware permits officer exculpation and robust indemnification, which can aid director recruitment and reduce governance risk, but also slightly elevates the protective shield around management. No financial metrics shift, so valuation remains intact. Overall impact on shareholder value is modest yet directionally positive because of improved legal predictability and U.S. jurisdictional alignment.

TL;DR — Amendment keeps registration alive; ticker same, CUSIP new; fundamentally neutral to earnings outlook.

The POS AM merely restates the existing S-4 under the successor company’s name, ensuring SEC compliance after domestication. Because the share structure and Nasdaq listing are untouched, liquidity and index inclusion should be unaffected. The new CUSIP will automatically flow through broker/dealer back-offices; no action is required by retail or institutional holders. There are no new offerings, no fee table adjustments and no revisions to previously filed financials. From a capital-markets angle, the step is housekeeping with minimal direct valuation effect, though some U.S.-based funds with Cayman restrictions may now participate, providing a marginally broader investor base.

ProKidney Corp. (PROK) ha presentato il 3 luglio 2025 un Emendamento Post-Efficace n. 1 al suo modulo S-4 precedentemente efficace, per riflettere il completamento della domesticazione dalla Cayman Islands al Delaware, divenuta effettiva il 1° luglio 2025. L’emendamento, presentato ai sensi della Regola 414(d), adotta formalmente la precedente dichiarazione di registrazione delle Cayman Islands come quella del successore emittente del Delaware, evitando qualsiasi interruzione nella copertura ai sensi del Securities Act o dell’Exchange Act.

Punti chiave per gli investitori:

  • Cambio di domicilio societario: L’entità legale è ora una società del Delaware regolata dal DGCL, dal nuovo certificato di costituzione e dallo statuto. La consolidata giurisprudenza del Delaware può aumentare la prevedibilità in materia di diritti degli azionisti e attività di M&A.
  • Continuità del capitale: Ogni azione ordinaria Classe A e Classe B dell’entità delle Cayman è stata automaticamente convertita 1 a 1 nella stessa classe di azioni ordinarie del Delaware con identica partecipazione proporzionale; non si è verificata alcuna diluizione o variazione del numero di azioni.
  • Quotazione e identificativi: Le azioni continuano a essere negoziate sul Nasdaq Capital Market con il ticker “PROK”; tuttavia, il CUSIP è cambiato in 74291D 104.
  • Management e operazioni invariati: L’attività, gli asset, le passività, l’esercizio fiscale e l’intero consiglio/esecutivo rimangono esattamente gli stessi dopo la domesticazione.
  • Consensi degli esperti ed allegati: Sono stati depositati nuovi pareri di Akin Gump (Es. 5.1) e il consenso di revisione di EY (Es. 23.1); lo statuto e il regolamento del Delaware sono incorporati per riferimento.
  • Quadro di indennizzo: La documentazione dettaglia le disposizioni del DGCL e le clausole dello statuto/regolamento societario che limitano la responsabilità di amministratori e dirigenti e consentono un’ampia indennizzazione, integrata da assicurazione D&O e accordi individuali di indennizzo.

Non vengono offerte nuove azioni e l’emendamento è principalmente di natura amministrativa; garantisce la continuità della registrazione SEC e aggiorna la legge applicabile e i riferimenti informativi per riflettere l’entità del Delaware.

ProKidney Corp. (PROK) presentó el 3 de julio de 2025 una Enmienda Post-Efectiva N° 1 a su Formulario S-4 previamente efectivo, para reflejar la domesticación completada desde las Islas Caimán a Delaware, que entró en vigor el 1 de julio de 2025. La enmienda, presentada bajo la Regla 414(d), adopta formalmente la declaración de registro anterior de las Islas Caimán como propia del emisor sucesor en Delaware, evitando cualquier interrupción en la cobertura bajo la Ley de Valores o la Ley de Intercambio.

Puntos clave para los inversores:

  • Cambio de domicilio corporativo: La entidad legal es ahora una corporación de Delaware regida por el DGCL, su nuevo certificado de incorporación y estatutos. La jurisprudencia establecida de Delaware puede mejorar la previsibilidad en cuanto a derechos de accionistas y actividades de fusiones y adquisiciones.
  • Continuidad de capital: Cada acción ordinaria Clase A y Clase B de la entidad de las Islas Caimán se convirtió automáticamente 1 a 1 en la misma clase de acciones ordinarias de Delaware con intereses patrimoniales proporcionales idénticos; no hubo dilución ni cambio en el número de acciones.
  • Listado e identificadores: Las acciones continúan cotizando en el Nasdaq Capital Market bajo el símbolo “PROK”; sin embargo, el CUSIP cambió a 74291D 104.
  • Dirección y operaciones sin cambios: El negocio, activos, pasivos, año fiscal y el consejo completo/equipo ejecutivo permanecen exactamente iguales tras la domesticación.
  • Consentimientos de expertos y anexos: Se presentaron nuevas opiniones de Akin Gump (Ex. 5.1) y el consentimiento de auditoría de EY (Ex. 23.1); el estatuto y reglamentos de Delaware se incorporan por referencia.
  • Marco de indemnización: La presentación detalla las disposiciones del DGCL y las cláusulas del estatuto/reglamento que limitan la responsabilidad de directores y oficiales y permiten una amplia indemnización, complementada con seguro D&O y acuerdos individuales de indemnización.

No se ofrecen nuevos valores y la enmienda es mayormente administrativa; asegura la continuidad del registro ante la SEC y actualiza la ley aplicable y las referencias de divulgación para reflejar la entidad de Delaware.

ProKidney Corp. (PROK)는 2025년 7월 3일에 이전에 효력이 있었던 Form S-4에 대한 1차 사후 효력 수정안을 제출하여, 2025년 7월 1일부로 효력이 발생한 케이맨 제도에서 델라웨어로의 국내 이전을 반영했습니다. 이 수정안은 규칙 414(d)에 따라 제출되었으며, 이전 케이맨 제도 등록 명세서를 델라웨어 후임 발행인의 것으로 공식 채택하여 증권법 및 거래법 적용의 공백을 방지합니다.

투자자를 위한 주요 사항:

  • 기업 소재지 변경: 법적 실체가 이제 DGCL에 따라 운영되는 델라웨어 법인으로 전환되었으며, 새로운 설립 증명서와 정관이 적용됩니다. 델라웨어의 확립된 판례법은 주주 권리 및 인수합병 활동에 대한 예측 가능성을 높일 수 있습니다.
  • 자본 연속성: 케이맨 법인의 모든 클래스 A 및 클래스 B 보통주는 동일한 클래스의 델라웨어 보통주로 1대 1 자동 전환되었으며, 동일한 비례 지분을 유지합니다; 희석이나 주식 수 변경은 없습니다.
  • 상장 및 식별자: 주식은 계속해서 나스닥 캐피털 마켓에서 티커 “PROK”로 거래되지만, CUSIP은 74291D 104로 변경되었습니다.
  • 경영진 및 운영 변동 없음: 사업, 자산, 부채, 회계연도 및 전체 이사회/임원진은 국내 이전 이후에도 동일하게 유지됩니다.
  • 전문가 동의 및 서류: Akin Gump의 새로운 법률 의견서(첨부 5.1)와 EY의 감사 동의서(첨부 23.1)가 제출되었으며, 델라웨어 헌장과 정관이 참고 문헌으로 포함되었습니다.
  • 면책 체계: 제출 문서에는 DGCL 조항과 이사 및 임원의 책임을 제한하고 광범위한 면책을 허용하는 회사 헌장 및 정관 조항이 상세히 설명되어 있으며, D&O 보험과 개별 면책 계약으로 보완됩니다.

새로운 증권은 제공되지 않으며, 이번 수정안은 주로 행정적 성격으로 SEC 등록의 연속성을 보장하고 델라웨어 법인에 맞게 적용 법률 및 공시 참조를 업데이트합니다.

ProKidney Corp. (PROK) a déposé le 3 juillet 2025 un Amendement Post-Efficace n° 1 à son formulaire S-4 précédemment effectif, afin de refléter la domestication achevée des Îles Caïmans vers le Delaware, devenue effective le 1er juillet 2025. L’amendement, soumis en vertu de la règle 414(d), adopte formellement la déclaration d’enregistrement antérieure des Îles Caïmans en tant que celle du successeur émetteur du Delaware, évitant ainsi toute interruption de la couverture au titre du Securities Act ou de l’Exchange Act.

Points clés pour les investisseurs :

  • Changement de domicile social : L’entité juridique est désormais une société du Delaware régie par le DGCL, son nouveau certificat d’incorporation et ses statuts. La jurisprudence bien établie du Delaware peut renforcer la prévisibilité concernant les droits des actionnaires et les opérations de fusion-acquisition.
  • Continuité du capital : Chaque action ordinaire de classe A et B de l’entité des Îles Caïmans a été automatiquement convertie au ratio 1 pour 1 en actions ordinaires de même classe du Delaware avec des intérêts proportionnels identiques ; aucune dilution ni modification du nombre d’actions n’est intervenue.
  • Cotation et identifiants : Les actions continuent de se négocier sur le Nasdaq Capital Market sous le symbole “PROK” ; toutefois, le CUSIP a changé pour 74291D 104.
  • Direction et opérations inchangées : L’activité, les actifs, les passifs, l’exercice fiscal ainsi que le conseil d’administration complet et l’équipe exécutive restent exactement les mêmes après la domestication.
  • Consentements d’experts et annexes : De nouveaux avis d’Akin Gump (Annexe 5.1) et le consentement d’audit d’EY (Annexe 23.1) ont été déposés ; la charte et les statuts du Delaware sont incorporés par référence.
  • Cadre d’indemnisation : Le dépôt détaille les dispositions du DGCL et les clauses de la charte/statuts de la société qui limitent la responsabilité des administrateurs et dirigeants et permettent une large indemnisation, complétée par une assurance D&O et des accords individuels d’indemnisation.

Aucune nouvelle valeur mobilière n’est offerte et l’amendement est principalement administratif ; il garantit la continuité de l’enregistrement auprès de la SEC et met à jour la loi applicable ainsi que les références de divulgation pour refléter l’entité du Delaware.

ProKidney Corp. (PROK) reichte am 3. Juli 2025 eine Nachwirkende Änderung Nr. 1 zu ihrem zuvor wirksamen Formular S-4 ein, um die abgeschlossene Domizilverlegung von den Kaimaninseln nach Delaware widerzuspiegeln, die am 1. Juli 2025 wirksam wurde. Die Änderung, eingereicht gemäß Regel 414(d), übernimmt formell die frühere Registrierungserklärung der Kaimaninseln als die des nachfolgenden Emittenten in Delaware, um eine Unterbrechung des Schutzes nach dem Securities Act oder Exchange Act zu vermeiden.

Wichtige Punkte für Investoren:

  • Änderung des Unternehmensdomizils: Die rechtliche Einheit ist nun eine Gesellschaft nach Delaware-Recht, geregelt durch das DGCL, ihre neue Satzung und Geschäftsordnung. Die etablierte Rechtsprechung Delawares kann die Vorhersehbarkeit in Bezug auf Aktionärsrechte und M&A-Aktivitäten verbessern.
  • Kapitalfortführung: Jede Stammaktie der Klassen A und B der Kaiman-Institution wurde automatisch 1:1 in dieselbe Klasse von Stammaktien in Delaware mit identischen proportionalen Beteiligungen umgewandelt; keine Verwässerung oder Änderung der Aktienanzahl erfolgte.
  • Notierung & Kennungen: Die Aktien werden weiterhin an der Nasdaq Capital Market unter dem Tickersymbol „PROK“ gehandelt; der CUSIP änderte sich jedoch zu 74291D 104.
  • Management & Betrieb unverändert: Geschäft, Vermögenswerte, Verbindlichkeiten, Geschäftsjahr sowie der gesamte Vorstand und das Führungsteam bleiben nach der Domizilverlegung unverändert.
  • Expertenzustimmungen & Anhänge: Neue Gutachten von Akin Gump (Anhang 5.1) und die Prüfungszustimmung von EY (Anhang 23.1) wurden eingereicht; die Delaware-Satzung und Geschäftsordnung sind durch Verweis aufgenommen.
  • Entschädigungsrahmen: Die Einreichung beschreibt die DGCL-Bestimmungen und die Satzungs-/Geschäftsordnungs-Klauseln, die die Haftung von Direktoren und Führungskräften begrenzen und eine umfassende Entschädigung ermöglichen, ergänzt durch D&O-Versicherung und individuelle Entschädigungsvereinbarungen.

Es werden keine neuen Wertpapiere angeboten und die Änderung ist überwiegend administrativ; sie gewährleistet die kontinuierliche SEC-Registrierung und aktualisiert das geltende Recht sowie Offenlegungsverweise, um die Delaware-Einheit widerzuspiegeln.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Robbin-Coker Cordel

(Last) (First) (Middle)
19 E. CHOCOLATE AVENUE

(Street)
HERSHEY PA 17110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HERSHEY CO [ HSY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 A 241.738 A $0 1,355.387 D(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The total amount of securities reported as directly owned in Column 5 includes 8.882 shares acquired on June 16, 2025, pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan, the provisions of which are substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan available generally to Company stockholders.
/s/ Kathleen S. Purcell, Agent for Cordel Robbin-Coker 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did ProKidney (PROK) file a POS AM on July 3, 2025?

The amendment updates the existing S-4 to reflect ProKidney’s completed move from the Cayman Islands to Delaware and formally adopts the filing under the new entity.

Do PROK shareholders need to exchange their certificates after the domestication?

No. Each Cayman ordinary share automatically converted into an equivalent Delaware common share, so holders keep the same proportional interest without action.

Did the PROK ticker symbol or exchange listing change?

Ticker remains “PROK” on Nasdaq Capital Market; only the CUSIP changed to 74291D 104.

Are any new securities being offered in this filing?

No. The POS AM is administrative; it registers no additional shares and involves no capital raise.

Where can investors find the new Delaware charter and by-laws?

They are incorporated by reference as Exhibits 3.1 and 3.2 to the company’s Form 12B filed on July 3, 2025.

Does the redomestication impact ProKidney’s management or operations?

No. Business operations, assets, liabilities and the full board/executive team remain unchanged.
Hershey Co

NYSE:HSY

HSY Rankings

HSY Latest News

HSY Latest SEC Filings

HSY Stock Data

33.83B
147.40M
0.37%
86.76%
3.91%
Confectioners
Sugar & Confectionery Products
Link
United States
HERSHEY