Solo Brands Simplifies Share Structure
The parent company of Solo Stove, Chubbies, Isle, and Oru Kayak is eliminating its umbrella partnership C-corp. structure and establishing a single class of common stock to limit future liabilities tied to its Tax Receivable Agreement. All outstanding Class B common stock held by former TRA parties will be canceled, and corresponding units of Solo Stove Holdings, LLC will be exchanged on a one-for-one ... Log in to view full article.
