A Note to our Shareholders:
We understand there has been some confusion regarding the value and trading of P10, Inc. (“P10”) Class B shares. P10 has two classes of common stock: Class A (CUSIP number 69376K106) and Class B (CUSIP number 69376K205). Class A shares were issued as part of the offering we completed at the time P10 was listed on the New York Stock Exchange (NYSE). The Class A shares trade under the symbol ‘PX.’
All previous shareholders of P10 Holdings, Inc. (OTC: PIOE) had their shares converted to Class B shares of P10 at the time the Company was listed on the NYSE. There are two important differences between Class A shares and Class B shares. First, Class A shares have one vote per share, while Class B shares have ten votes per share. Second, Class A shares trade as ‘PX’ on the NYSE while Class B shares are not tradeable on the open market. The simplest way to sell your Class B shares is to first contact your broker and convert them to Class A shares, which can then be sold on the NYSE. The Class B shares are convertible at any time at the option of the holder into Class A shares on a one-for-one basis, irrespective of whether or not you are planning to sell your shares at that time. Because the Class B shares do not trade, some brokers are having to decide how to manage the two classes of stock in a shareholder’s account. Please contact your broker to understand their policy on how they price securities (Class B shares) that are tradeable on the NYSE only upon conversion into another security. Further note that Class B shares held by P10 insiders are under a lock up agreement.
Please refer to our amended and restated certificate of incorporation for a full description of the Class A and Class B shares.