COMMON STOCK |
6 Months Ended |
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Jun. 30, 2026 | |
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| COMMON STOCK | NOTE 9 – COMMON STOCK On May 14, 2026, the Company completed its initial public offering (“IPO”), of 31.9 million shares of Class A common stock, par value $0.0001 per share, at a price of $15.00 per share. The Company received net proceeds of $446.8 million for the Class A common stock, after deducting underwriting discounts, commissions, and offering-related expenses of $31.9 million. The Company used the net proceeds from the IPO to redeem certain outstanding shares of Series B Preferred Stock, as described in Note 8, together with the net proceeds from the issuance of private placement warrants, as described in Note 10, and cash on hand, to repay approximately $670.0 million outstanding borrowings under the senior secured term loans due 2032. Upon completion of the IPO, the Company’s Amended and Restated Certificate of Incorporation (the “Charter”) and the Company’s Second Amended and Restated Bylaws became effective. The Charter, among other things, provides that the Company’s authorized capital stock consists of 1,200.0 million shares of Class A common stock, 300.0 million shares of Class B common stock and 250.0 million shares of preferred stock. |
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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