Meta will give shareholders a free non-voting share for every share they own in January, according to the supplied material. The arrangement is described as a way for the company to raise equity for AI spending while keeping Mark Zuckerberg in control, because it would not dilute his 60.6% vote.
The source states that the non-voting stock is intended to fund the AI buildout. It does not provide further details on the size of any planned equity raise, the cost of the AI spending, or the mechanics of the January distribution beyond the one-for-one terms.