| Schedule of Reverse Recapitalization |
Below are the shares outstanding immediately following
the Reverse Recapitalization and PIPE investment:
| | |
Shares | | |
% of Voting | |
| Old Xanadu Shareholders | |
| 257,684,899 | | |
| 86.5 | % |
| PIPE Investors | |
| 27,500,000 | | |
| 9.2 | % |
| SPAC Public Shareholders | |
| 3,211,605 | | |
| 1.0 | % |
| SPAC Private Placement Shareholders | |
| 2,264,000 | | |
| 0.8 | % |
| SPAC Sponsor Shares (1) | |
| 7,333,333 | | |
| 2.5 | % |
| Total Common Shares by Shareholder | |
| 297,993,837 | | |
| 100.0 | % |
| | |
| | | |
| | |
| Xanadu Class A Multiple Voting Shares | |
| 254,709,401 | | |
| 85.5 | % |
| Xanadu Class B Subordinate Voting Shares (1) | |
| 43,284,436 | | |
| 14.5 | % |
| Total Common Shares by Class | |
| 297,993,837 | | |
| 100.0 | % |
| (1) | Includes 1,100,000 Earn-out Shares subject to forfeiture.
Refer to the section below for additional information. |
Shares on a fully-diluted basis immediately following
the Reverse Recapitalization and PIPE investment were:
| | |
Shares | | |
% of Voting | |
| Old Xanadu Shareholders | |
| 257,684,899 | | |
| 74.5 | % |
| Old Xanadu Options | |
| 47,360,480 | | |
| 13.7 | % |
| Old Xanadu Warrants | |
| 677,934 | | |
| 0.2 | % |
| PIPE Investors | |
| 27,500,000 | | |
| 7.9 | % |
| SPAC Public Shareholders | |
| 3,211,605 | | |
| 0.9 | % |
| SPAC Private Placement Shareholders | |
| 2,264,000 | | |
| 0.7 | % |
| SPAC Sponsor Shares (1) | |
| 7,333,333 | | |
| 2.1 | % |
| Total Fully Diluted Shares | |
| 346,032,251 | | |
| 100.0 | % |
| (1) | Includes 1,100,000 Earn-out Shares subject to forfeiture.
Refer to the section below for additional information. |
|