Authorization

Following TechCrunch reporting, Palantir rapidly removes language allowing founders to unilaterally adjust their total voting power

Well, that was fast.
This morning, I analyzed Palantirs newly published 5th amendment of its S-1 filing with the SEC as it pursues a public direct listing on the NYSE. I called the company not a democracy after it added new provisions to create a special mechanism called Stockholder Party Excluded Shares that would, in the language of Palantir, allow the companys trio of founders to unilaterally adjust their total voting power at will, now and into the future.
Well, Palantir has now filed a 6th amendment with the SEC just a few hours after it filed its previous amendment, and the company has removed all references to this special mechanism from its SEC filing.
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