Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Unregistered Sales of Equity Securities
+Added: In connection with our acquisition of PolicyFuel on August 13, 2021, we agreed to issue to the former equity holders of PolicyFuel up to 182,281 shares of Class A common stock, over the next three years, subject to the achievement of specified revenue targets.
+Added: Additionally, upon the achievement of these performance conditions, we also agreed to issue shares of Class A common stock with a value of up to $5.9 million.
+Added: The number of these shares to be issued will be determined by the dollar value earned by the former equity holders, divided by the volume weighed average price per share of our Class A common stock for a 20-day
+Added: period preceding each revenue target determination date.
+Added: In connection with the PolicyFuel acquisition we also registered under the Securities Act the issuance of shares of Class A common stock issuable upon vesting of performance-based RSUs that were issued as inducement awards.
+Added: In the event the number of registered shares is insufficient to fulfill the number of shares required to be issued at the time the performance condition is met, we may issue to the recipients either cash or unregistered securities.
+Added: The unregistered shares described above will be issued by us in a private placement pursuant to an exemption from registration under the Securities Act, provided by Section 4(a)(2) of the Securities Act.
+Added: No underwriters were involved with the agreement to issue any of these shares.
+Added: On August 12, 2021, we issued 19,584 shares of Class A common stock to the former equity holders of Crosspointe as contingent consideration in connection with our acquisition of Crosspointe.
+Added: These shares were issued by us in a private placement pursuant to an exemption from registration under the provided by Section 4(a)(2) of the Securities Act.
+Added: No underwriters were involved with the agreement to issue any of these shares.
Use of Proceeds
5 unchanged sentences
compensation for board or board committee service.
−Removed: As of June 30, 2021, we estimate that we have used approximately $32.4 million of the net proceeds from our IPO for general corporate purposes, capital expenditures and our acquisition of Crosspointe, including $7.0 million to repay amounts outstanding under our revolving line of credit with Western Alliance Bank.
+Added: As of September 30, 2021, we estimate that we have used approximately $48.4 million of the net proceeds from our IPO for general corporate purposes, capital expenditures and our acquisitions of Crosspointe and PolicyFuel, including $7.0 million to repay amounts outstanding under our revolving line of credit with Western Alliance Bank.
There has been no material change in the planned use of IPO proceeds from that described in the final prospectus for the IPO filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, on June 28, 2018.
18 unchanged sentences
EVERQUOTE, INC.
−Removed: August 9, 2021
+Added: November 8, 2021
/s/ Jayme Mendal
1 unchanged sentence
(Principal Executive Officer)
−Removed: August 9, 2021
+Added: November 8, 2021
/s/ John Wagner
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.