Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Initial Public Offering
On May 12, 2022, our Registration Statement on Form S-1, as amended (File No.
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The Company currently intends to use the balance of the remaining proceeds for general corporate uses and additional repayment of debt.
+Added: Munger Ranch Sellers
+Added: As part of the IPO completed in May 2022, the sellers of Munger Ranch were issued 2,114,273 shares of Class A Common Stock in exchange for the $30.0 million consideration related to the Munger Ranch purchase.
+Added: The securities issued to the sellers of Munger Ranch were offered in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act.
+Added: The Company relied on this exemption from registration based on part on representations made by each of the sellers of Munger Ranch, including that each such seller is an “accredited investor” as defined in Rule 501(a) under the Securities Act.
Defaults Upon Senior Securities.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.