Company: STGW
Filing Date: 2025-04-02
Form Type: 8-K
Source: 0001104659-25-030920
Chunk: 1

Company: Stagwell Inc
Filing Date: 2025-04-02
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01      Other Events.  

On April 2, 2025, the Company announced that it
had received a Notice of Exercise of Exchange Right (the “ Exchange Notice”) from Stagwell Media LP (“ Stagwell Media”)
pursuant to which Stagwell Media exercised in full its right to exchange all of its 151,648,741 Paired Units (as defined below) for an
equal number of newly issued shares of Class A common stock, par value $0.001 per share, of the Company (“ Class A Common Stock”).
The Company expects to complete such exchange (the “ Class C Exchange”) on April 2, 2025. Immediately following the Class C
Exchange, the Company will have approximately 265,743,768 shares of Class A Common Stock and no shares of its Class C common stock, par
value $0.00001 per share (“ Class C Common Stock”), issued and outstanding. The Class C Exchange will not result in any change
in the total number of outstanding shares of the Company’s common stock or the relative voting power of the Company’s common
stockholders.

Pursuant to the terms of the Company’s Second
Amended and Restated Certificate of Incorporation (the “ Certificate of Incorporation”) and the Second Amended and Restated
Limited Liability Company Agreement, dated as of March 23, 2022 (the “ LLC Agreement”), of Stagwell Global LLC, the Company’s
operating subsidiary (“ OpCo”), each share of Class C Common Stock is paired with a corresponding common unit of OpCo (each
such paired share of Class C Common Stock and common unit of OpCo, a “ Paired Unit”). Pursuant to the Certificate of Incorporation
and the LLC Agreement, each holder of Paired Units may, at its option, exchange such Paired Units for shares of Class A Common Stock on
a one-for-one basis (i. e., one Paired Unit for one share of Class A Common Stock).