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 in the for-profit (valued at ~$130B). However, the source does not explicitly state that a 100x profit cap was removed or that it previously existed. The claim's additional context about the old structure's 100x cap and the new structure having 'all shareholders hold regular equity' is not directly addressed in the source text. The source discusses the new structure but does not provide the comparative detail about what changed regarding profit caps. This is a partial confirmation—the restructuring and PBC conversion are confirmed, but the specific claim about profit cap removal is unverifiable from this source.