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(any  exact  0.5  rounding  up))  and,  prior  to  the  Class  F  Sunset  Time,  only  with  the  consent  of  the 
Founder LLC as the holder of our Class F common stock. 

These  provisions,  alone  or  together,  could  discourage,  delay  or  prevent  a  transaction  involving  a  change  in 
control of our company. These provisions could also discourage proxy contests and make it more difficult for 
stockholders to elect directors of their choosing and to cause us to take other corporate actions they desire, any 
of which, under certain circumstances, could limit the opportunity for our stockholders to receive a premium 
for their shares of our Class A common stock, and could also affect the price that some investors are willing to 
pay for our Class A common stock. 

Risks Related to Ownership of our Class A Common Stock

There  has  been  no  prior  public  trading  market  for  our  Class  A  common  stock,  and  an  active 
trading market may not develop or be sustained following this offering.

We have applied to list our Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.” 
However,  prior  to  this  offering,  there  has  been  no  public  trading  market  for  our  Class  A  common  stock.  We 
cannot assure you that an active trading market for our Class A common stock will develop on such exchange or 
elsewhere  or,  if  developed,  that  any  market  will  be  sustained.  The  initial  public  offering  price  of  our  Class  A 
common  stock  will  be  determined  through  negotiation  among  us,  the  selling  stockholders,  and  the 
underwriters. This price will not necessarily reflect the price at which investors in the market will be willing to 
buy and sell shares of our Class A common stock following this offering.

The market price of our Class A common stock may be volatile, and you may lose all or part of 
your investment.

We cannot predict the prices at which our Class A common stock will trade. The initial public offering price of 
our  Class  A  common  stock  will  be  determined  by  negotiations  among  us,  the  selling  stockholders,  and  the 
underwriters. This price will not necessarily reflect the price at which investors in the market will be willing to 
buy  and  sell  shares  of  our  Class  A  common  stock  following  this  offering.  The  market  price  of  our  Class  A 
common stock following this offering may fluctuate substantially, depending on a number of factors, many of 
which  are  beyond  our  control  and  may  not  be  related  to  our  operating  performance.  These  fluctuations  may 
cause  you  to  lose  all  or  part  of  your  investment  in  our  Class  A  common  stock.  Factors  that  may  cause 
fluctuations in the market price of our Class A common stock include the following:

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price and volume fluctuations in the overall stock market from time to time, including fluctuations due 
to general economic uncertainty or negative market sentiment;

volatility in the market and trading volumes of technology stocks;

supply  chain  constraints,  particularly  those  impacting  compute,  and  new  and  evolving  trade 
regulations and tariffs, and counter-measures;

changes  in  the  operating  performance  and  stock  market  valuations  of  other  technology  companies 
generally, or those in our industry in particular;

sales of shares of our Class A common stock by us or our stockholders, as well as the anticipation of 
lock-up releases;

rumors and market speculation involving us or other companies in our industry or related industries; 

failure  of  securities  analysts  to  maintain  coverage  of  us,  changes  in  financial  estimates  by  securities 
analysts  who  follow  our  company,  or  our  failure  to  meet  these  estimates  or  the  expectations  of 
investors;

actual or perceived significant data breaches involving our business;

the  financial  or  non-financial  projections  we  may  provide  to  the  public,  any  changes  in  those 
projections, or our failure to meet those projections;

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