| Summary of Purchase Price Allocation |
The following table sets forth the components and the allocation of the purchase price for the business combination and summarizes the fair values of the assets acquired and liabilities assumed at the Acquisition Date and the purchase price adjustments recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preliminary |
|
|
Purchase Price Adjustments |
|
|
Adjusted |
|
Previously held interests in RFQ-hub: |
|
|
|
|
|
|
|
|
|
Carrying value of previously held interest |
|
$ |
34,878 |
|
|
$ |
— |
|
|
$ |
34,878 |
|
Fair value of previously held interest on Acquisition Date |
|
|
34,321 |
|
|
|
(455 |
) |
|
|
33,866 |
|
Loss on remeasurement of previously held interest |
|
|
(557 |
) |
|
|
(455 |
) |
|
|
(1,012 |
) |
|
|
|
|
|
|
|
|
|
|
Purchase price allocation: |
|
|
|
|
|
|
|
|
|
Cash consideration at closing |
|
$ |
38,069 |
|
|
$ |
— |
|
|
$ |
38,069 |
|
Fair value of previously held interest on Acquisition Date |
|
|
34,321 |
|
|
|
(455 |
) |
|
|
33,866 |
|
Fair value of remaining noncontrolling interests on Acquisition Date |
|
|
13,755 |
|
|
|
(3,390 |
) |
|
|
10,365 |
|
Total purchase price |
|
|
86,145 |
|
|
|
(3,845 |
) |
|
|
82,300 |
|
Acquired cash |
|
|
(1,554 |
) |
|
|
— |
|
|
|
(1,554 |
) |
Purchase price, net of acquired cash |
|
|
84,591 |
|
|
|
(3,845 |
) |
|
|
80,746 |
|
Intangible assets |
|
|
(30,300 |
) |
|
|
100 |
|
|
|
(30,200 |
) |
Accounts receivable |
|
|
(4,333 |
) |
|
|
— |
|
|
|
(4,333 |
) |
Prepaid expenses and other assets |
|
|
(2,466 |
) |
|
|
1,392 |
|
|
|
(1,074 |
) |
Accounts payable, accrued expenses and other liabilities |
|
|
1,822 |
|
|
|
— |
|
|
|
1,822 |
|
Goodwill |
|
$ |
49,314 |
|
|
$ |
(2,353 |
) |
|
$ |
46,961 |
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of the Changes in Redeemable Noncontrolling Interest |
The following table is a summary of the changes in redeemable noncontrolling interest for the three months ended March 31, 2026:
|
|
|
|
|
|
|
(In thousands) |
|
Balance at December 31, 2025 |
|
$ |
12,592 |
|
Net income attributable to noncontrolling interests |
|
|
225 |
|
Issuance of noncontrolling interests |
|
|
703 |
|
Balance at March 31, 2026 |
|
$ |
13,520 |
|
|
|
|
|
|