Here are the DEF 14A proxy statements from System1 Inc WTS (SSTPW) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow SSTPW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SSTPW filings page.
System1, Inc. is asking stockholders to approve issuing 39,250 shares of Series A Cumulative Convertible Preferred Stock as part of a comprehensive debt exchange with its lenders. These preferred shares, with an initial stated value of $39.25 million, are initially convertible at $10.40 into 3,775,000 shares of Class A common stock, representing about 37.8% of common stock outstanding as of June 18, 2026. The transaction would replace existing loans with a new $150.0 million term loan, the preferred shares and cash consideration of $31,379,300.18, while settling ongoing litigation and extending debt maturity to January 14, 2031. Preferred holders would receive a 7.0% cumulative dividend, priority on liquidation, the right to elect one director while at least 19,625 preferred shares are outstanding, and consent rights over certain financings and corporate actions while at least 9,812 shares remain outstanding. Stockholders are also being asked to elect three Class I directors and ratify Deloitte & Touche LLP as auditor for the year ending December 31, 2026.