From the filing
PDF page 29
Printed filing page 18 · Extracted page text
Read the page text
Table of Contents The Offering Class A common stock offered by us shares Class A common stock offered by the selling stockholders Underwriters’ option to purchase additional shares of Class A common stock from us shares shares Class A common stock to be outstanding after this offering shares (or shares if the underwriters exercise their option to purchase additional shares of our Class A common stock in full) Class N common stock to be outstanding after this offering shares Class T common stock to be outstanding after this offering Class E common stock to be outstanding after this offering Class F common stock to be outstanding after this offering Class A, Class N, Class T, Class E, and Class F common stock to be outstanding after this offering Use of proceeds 1 share 0 shares 1 share shares (or shares if the underwriters exercise their option to purchase additional shares of our Class A common stock in full) We estimate that the net proceeds from the sale of shares of our Class A common stock by us in this offering will be approximately $ (or approximately $ if the underwriters’ option to purchase additional shares of our Class A common stock is exercised in full), based upon the assumed initial public offering price of $ per share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, and after deducting and commissions and estimated offering expenses payable by us. We will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholders. underwriting estimated discounts The principal purposes of this offering are to increase our capitalization and financial flexibility, create a public market for our Class A common stock, facilitate an orderly distribution of shares for the selling stockholders, and enable access to the public equity markets for us and our stockholders. We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures, including investments in compute and infrastructure, as well as hiring and retention of highly skilled personnel. Additionally, we may use a portion of the net proceeds to acquire or invest in businesses, products, services, or technologies. However, we do not have agreements or commitments for any material acquisitions or investments at this time. We also intend to use a portion of the net proceeds to satisfy our anticipated tax withholding and remittance obligations related to the settlement of certain of our outstanding restricted stock units (“RSUs”). See the section titled “Use of Proceeds” for more information. 18
Text is provided for reference. Check the original for tables, images, and exact formatting.