The whole article feels like justifying a bunch of legal nonsense to get to the end result of removing the capped structure.
To be specific: The nonprofit currently retains control. It will stop once more dilution sets in.
Yes and no. It sounds like the capped profit PPU holders will get to have their units convert 1:1 with unlimited profit equity shares, which are obviously way more valuable. So the nonprofit loses insanely in this move and all current investors and employees make a huge amount.