MYSE

How will the rebranding impact existing shareholders' rights, especially concerning the Series A warrants?

Created August 08, 2025 at 12:22 PM

Short answer:

The re‑branding of DatChat to Myseum, Inc. does not change the substantive rights attached to the existing common shares or the Series A warrants. The only practical change for shareholders is that the securities will now trade under the new Nasdaq symbols “MYSE” (common stock) and “MYSEW” (Series A warrants) beginning August 11 2025. All of the original terms – conversion ratios, exercise price, expiration date, voting rights, dividend rights, and any anti‑dilution or adjustment provisions – remain exactly the same.

1. What the filing tells us

Item	Before the change	After the change (effective 8 Nov 2025)
Company name	DatChat, Inc.	Myseum, Inc.
Common‑stock ticker	(previous symbol)	MYSE
Series A‑warrant ticker	(previous symbol)	MYSEW
Exchange	Nasdaq	Nasdaq
Security terms	No change reported	No change reported

The press release from GlobeNewswire (2025‑08‑08) explicitly states that the re‑branding is purely a name‑change and ticker‑change; it does not mention any amendment to the capital‑structure documents, the warrant agreement, or the shareholder‑rights charter.

2. How the re‑branding affects existing shareholders

Right / Obligation	Effect of the re‑branding
Economic ownership (e.g., voting, dividends, residual claims)	Unchanged. Your share‑ownership percentage and voting power stay the same.
Series A warrant terms (exercise price, conversion ratio, expiration)	Unchanged. The warrant contract still gives you the right to convert the warrants into a fixed number of common shares at the same price and on the same schedule as before.
Conversion/Exercise mechanics	No new paperwork is required from the holder. You will simply use the new ticker MYSEW when placing an exercise or conversion order with your broker or the company’s transfer agent.
Anti‑dilution and adjustment provisions	Unchanged. Any “adjustment” clauses in the warrant agreement continue to operate exactly as written.
Transfer agent / broker handling	You may need to inform your broker that the ticker has changed so that future trade tickets, exercise notices, and confirmations reference MYSE / MYSEW instead of the old symbols. Most custodians will update automatically, but a quick check can prevent mis‑fills.
Tax treatment	No new tax events are triggered by the name change alone. You will still recognize gain/loss on the same dates you would have before the re‑brand.
Corporate‑governance communications (e.g., proxy statements, shareholder meetings)	All future notices will be issued under the Myseum, Inc. name, but the underlying voting rights attached to each share remain identical.

3. Practical steps for shareholders

Update your records – Ensure that your portfolio statements, personal spreadsheets, and any tax software reflect the new tickers MYSE and MYSEW.
Notify your broker or custodian – A brief email or phone call confirming that you are aware of the ticker change will help avoid execution errors when you trade or exercise warrants.
Monitor corporate communications – Future proxy statements, annual reports, and shareholder notices will be issued by Myseum, Inc.. The content (e.g., voting options, dividend declarations) will still apply to the same shares you currently own.
Warrant exercise – When you decide to exercise or convert your Series A warrants, simply reference MYSEW in the exercise notice. The conversion ratio, exercise price, and expiration date are unchanged.
Tax reporting – Continue to use the original acquisition dates and cost basis. The name change does not create a taxable event.

4. Why the rights stay the same

Legal continuity: The re‑branding is a corporate‑name amendment filed with the SEC. It does not amend the Certificate of Incorporation, the Warrant Agreement, or the Shareholder Rights Plan.
Contractual stability: The Series A warrant contract is a binding agreement that can only be altered by a mutually‑executed amendment (or a defined corporate‑action such as a merger, which is not indicated here). A ticker change is not a “material amendment” under the warrant terms.
Regulatory filing: The company’s Form 8‑K (or similar filing) disclosed that the change is limited to the trading symbols and company name. No amendment to the rights, conversion ratios, or expiration dates was reported.

5. Bottom line

Impact	Description
Economic rights	No change – you still own the same percentage of Myseum, Inc. and the same number of Series A warrants.
Warrant conversion/exercise	No change – you can still convert at the original exercise price and ratio; you just use the new ticker MYSEW when placing orders.
Administrative	You’ll need to update ticker symbols in your trading and record‑keeping systems; otherwise, nothing else changes.
Future communications	All corporate notices, proxy materials, and shareholder meetings will be under the Myseum, Inc. name.

In short: The re‑branding is a cosmetic change for market identification only. Existing shareholders retain all the same rights and obligations attached to their common shares and Series A warrants; the only adjustment is the new Nasdaq symbols MYSE (common stock) and MYSEW (Series A warrants) that will be used for all future trading and corporate filings.