OpenAI Foundation — key-event: Profit cap removed as part of PBC restructuring

NoteThe source confirms the PBC restructuring occurred in October 2025 and that the corporate structure was simplified. It confirms the Foundation now holds equity (valued at ~$130B) and will receive additional ownership at valuation milestones. However, the source does not explicitly address the specific claim about the removal of the 100x profit cap or the transition from capped profits to regular equity. The additional context provided in the claim (about the old 100x cap and excess flowing to nonprofit) is not mentioned in the source text. The core structural change (PBC conversion) is confirmed, but the specific mechanism change (profit cap removal) is not explicitly stated in this excerpt.