Starting from 31.03.2022 all eligible CNG holders can convert their CNG to either Change Group share, Change group share units or decide to keep their CNG and convert in the future if they wish.
There is no deadline to convert your CNG, so you can keep your CNG as long as you’d like and have the same equity upside as shareholders do. Change doesn’t have different share classes or a complicated corporate structure. In case of a liquidation event like an IPO or majority acquisition, both CNG holders and shareholders will have similar rights.
Once you do decide to convert, it’s important to note it’s not possible to convert back to CNG. However, you’re free to buy additional CNG from the Change app if you want to.
Should you have any further questions about the topic, please do not hesitate to contact our support team through the app or send us an email at email@example.com