Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Securities Market Information
Our common stock has been listed on the NYSE under the symbol “ALH” since October 9, 2025. Prior to that, there
was no public trading market for our common stock.
Holders of Record
As of March 6, 2026 , there were approximately 43 stockholders of record for our common stock. The actual number of
stockholders is greater than this number of record holders, and includes stockholders who are beneficial owners, but whose
shares are held in street name by brokers and other nominees. This number of holders of record also does not include
stockholders whose shares may be held in trust by other entities.
Dividend Policy
We currently intend to retain all available funds and future earnings, if any, to fund the development and expansion of
our business and pay down debt, and we do not anticipate declaring or paying any cash dividends in the near term. The
declaration and payment by us of any future dividends to holders of shares of our common stock will be at the sole
discretion of our Board of Directors and will depend on our financial condition, earnings, cash needs, capital requirements
(including requirements of our subsidiaries), contractual, legal, tax and regulatory restrictions, and any other factors that
our Board of Directors deems relevant in making such a determination. Additionally, we are a holding company and do not
conduct any business operations of our own. As a result, our ability to pay cash dividends on shares of our common stock
is dependent upon cash dividends, distributions and other transfers from our subsidiaries. We may also enter into other
credit agreements or borrowing arrangements in the future that could restrict our ability to declare or pay cash dividends.
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Stock Performance Graph
The following graph compares the total return to stockholders of our common stock for the period October 9, 2025 to
December 31, 2025, relative to the total return of the following:
• the NYSE Composite Index; and
• the S&P Composite 1500 Household Durables Sub-Industry Index.
The graph assumes that $100 was invested in our common stock, and in the indices noted above, and that all
dividends, if any, were reinvested. No dividends have been declared or paid on our common stock. The stock price
performance shown in the graph is not necessarily indicative of future performance.
The information above shall not be deemed “soliciting material” or to be “filed” for purposes of Section 18 of the
Exchange Act, or otherwise subject to the liabilities under that section, and shall not be incorporated by reference into any
of our other filings under the Exchange Act, or the Securities Act, regardless of any general incorporation language in those
filings.
Securities Authorized for Issuance Under Equity Compensation Plans
The information required by this item will be set forth in the Proxy Statement and is incorporated into this Annual
Report on Form 10-K by reference.
Recent Sales of Unregistered Securities
We have engaged in the following transactions that were not registered under the Securities Act during the fiscal year
ended December 31, 2025 . Share amounts have been adjusted to give effect to a 142-for-1 forward stock split effected on
September 26, 2025.
In August 2025, we sold an aggregate of 36,678 shares of our common stock with an aggregate purchase price of
$500,000 issued pursuant to our 2015 Stock Purchase Plan.
The offers, sales and issuances of the securities described in this Item 15(a) were exempt from registration under the
Securities Act under either Rule 701, in that the transactions were under compensatory benefit plans and contracts relating
to compensation, or under Section 4(a)(2) of the Securities Act, in that the transactions were between an issuer and certain
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employees and did not involve any public offering within the meaning of Section 4(a)(2). The recipients of such securities
were our employees, directors or consultants. Appropriate legends were affixed to the securities issued in these
transactions.
Issuer Purchases of Equity Securities
None.
Use of Proceeds from Registered Securities
On October 10, 2025, we completed our initial public offering pursuant to which 43,195,120 shares of our common
stock were sold, which includes the issuance and sale of 24,390,243 shares by the Company and the sale by a selling
stockholder of 18,804,877 shares including the full exercise of the underwriters’ option to purchase 5,634,146 additional
shares, at a price to the public of $22.00 per share. The proceeds to the Company from the IPO were approximately $505.7
million , net of underwriting discounts and commissions and estimated offering costs of approximately $30.8 million .
The net proceeds from our initial public offering along with cash on hand were used to repay $525.0 million of our
indebtedness outstanding under the Term Loan on October 17, 2025.
There has been no material change in the intended use of proceeds from our IPO as described in our Registration
Statement on Form S-1 (File No. 333-290217), which became effective on September 30, 2025.
Item 6. [ Reserved ]