Summary by Futu AI
Carvana Co., an automotive e-commerce company, has announced the expiration of its preferred stock purchase rights, initially registered on January 17, 2023. The rights expired on June 4, 2024, following the final expiration date set by the company on June 3, 2024. This event also marks the termination of the Tax Asset Preservation Plan, which was part of a Section 382 Rights Agreement dated January 16, 2023, and amended on July 18, 2023. In conjunction with the expiration of the rights, Carvana filed a Certificate of Elimination with the Delaware Secretary of State on June 5, 2024, effectively eliminating the shares of Series B Preferred Stock and returning them to the status of authorized but undesignated shares of preferred stock. The company has amended its original Form 8-A filing to deregister the expired rights and provided a summary of the Certificate of Elimination, with full details incorporated by reference from the attached Exhibit 3.1.