MEMX LLC Polishes Its Corporate Agreement for Efficiency
Published Date: 9/29/2025
Notice
Summary
MEMX LLC is updating its company agreement to keep things running smoothly for its owners and the exchange. This change affects MEMX Holdings LLC and its members but won’t cost anyone extra or cause delays. The update took effect right after filing on September 11, 2025, making sure MEMX stays sharp and ready for business.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Members Lose Pre‑Emptive Rights For Exchange Warrant Issuances
If you are a member of MEMX Holdings LLC, the company changed its agreement so that Units or other equity issued under an Exchange Warrants Program will not be subject to certain Members' pre‑emptive right to buy pro rata shares. The amendment applies to Exchange Warrants Programs approved by the Holdco Board by Supermajority Vote and effective pursuant to a rule filing with the SEC, and ownership limits such as the 20% limit in Section 3.5(a)(ii) remain in effect. This change was made operative upon filing on September 11, 2025.
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