We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table
- Posted on July 22, 2026
- By Fortune
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- 1 min read
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We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table
A little-known Class N share lets the nonprofit Foundation control OpenAI's board even if it sells its 26% equity stake, raising fresh SEC questions.
