Domo, Inc. adopted a Tax Benefits Preservation Plan to protect its net operating losses (NOLs) from a potential ownership change under Section 382 of the Internal Revenue Code. The plan includes the distribution of preferred stock purchase rights to Class A and Class B common stock holders of record as of August 4, 2026, which act as a poison pill mechanism to poison the company's stock. Domo, Inc. is a provider of cloud-based business intelligence and data management software solutions.
