<p>Entrepreneur Elon Musk&#8217;s decision to not join Twitter&#8217;s board reportedly means that the world&#8217;s wealthiest man is no longer restricted in how much of the company that he can buy.</p>
<p>After becoming their top shareholder with control of more than 9% of the company, Musk <a href="https://www.sec.gov/Archives/edgar/data/0001418091/000119312522095651/d342257dex101.htm">signed</a> an agreement with Twitter for the following terms as long as he served on their board: &#8220;Mr. Musk agrees that, for so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps or hedging transactions.&#8221;</p>

Musk’s Decision To Not Join Twitter’s Board Signals Potential Major Move He Can Now Make On The Company

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Musk’s Decision To Not Join Twitter’s Board Signals Potential Major Move He Can Now Make On The Company