Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Principal Market
−Removed: On October 19, 2021, our Class A common stock and warrants began trading on the Nasdaq under the symbols “SEAT”
−Removed: and "SEATW", respectively.
−Removed: Prior to that date, there was no public trading market for our common stock and warrants.
−Removed: As of February 28, 2023, there were 79 holders of record of our common stock.
−Removed: The actual number of our stockholders is greater than this number, and includes beneficial owners whose shares are held in “street name”
−Removed: by banks, brokers and other nominees.
−Removed: Equity Compensation Plan Information
−Removed: Information concerning our equity compensation plan is incorporated herein by reference to Part III, Item 12 of this report.
−Removed: Use of Proceeds from Sale of Registered Securities
+Added: Market Information
+Added: On October 19, 2021, our Class A common stock and warrants began trading on Nasdaq under the symbols “SEAT” and "SEATW," respectively.
+Added: Prior to that date, there was no public trading market for our securities.
+Added: As of February 29, 2024, there were 57 holders of record of our Class A common stock and one holder of our Class B common stock.
+Added: The actual number of holders of our Class A common stock is greater than this number, as it includes beneficial owners whose shares are held in “street name” by banks, brokers and other nominees.
+Added: We did not pay any cash dividends on our Class A common stock during the year ended December 31, 2023.
+Added: We intend to retain future earnings for future operations, development, expansion, debt repayment and potential acquisitions and share repurchases, and we have no current plans to declare or pay any cash dividends on our Class A common stock for the foreseeable future.
+Added: Any future decision to declare and pay dividends will be made at the discretion of our Board and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions (including those under our credit facility and/or any future indebtedness we may incur), business prospects and other factors that our Board may deem relevant.
+Added: Stock Performance Graph
+Added: The following graph depicts the total return to stockholders from the closing price on October 19, 2021 (the date on which our Class A common stock began trading on Nasdaq) through December 31, 2023, relative to the performance of the Nasdaq Composite and the Russell 2000 Technology Index.
+Added: The graph assumes $100 invested at the closing price on October 19, 2021 in each of our Class A common stock, the Nasdaq Composite and the Russell 2000 Technology Index, and dividends reinvested in the security or index.
+Added: The comparisons reflected in the graph are not intended to forecast, and may not be indicative of, the future performance of us or our Class A common stock.
Issuer Purchases of Equity Securities
−Removed: On May 25, 2022, our board of directors authorized a share repurchase program of our Class A Common Stock of up to $40.0 million ("Repurchase Program").
−Removed: The Repurchase Program was announced on May 26, 2022 and will be effective until March 31, 2023.
−Removed: We may repurchase shares from time to time in open market transactions, through privately negotiated transactions or otherwise in accordance with applicable federal securities laws.
−Removed: The amount and timing of repurchases will depend upon market conditions and other factors including price.
−Removed: The Repurchase Program does not obligate us to acquire any particular amount of stock, and it may be terminated, modified, or suspended at any time at our discretion.
−Removed: The Repurchase Program commenced on July 5, 2022.
−Removed: As of December 31, 2022, we have repurchased 4.3 million shares of our Class A Common Stock for $32.5 million under the Repurchase
−Removed: Program which includes commissions paid of $0.1 million.
−Removed: The share repurchases are accounted for as Treasury stock in the Consolidated Balance Sheets.
−Removed: The following table provides information about purchases of shares of our common stock during the year ended December 31, 2022:
−Removed: Total Number of Shares Purchased
−Removed: Weighted Average Price Paid Per Share(1)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Program
−Removed: Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under Program (in millions)
−Removed: September 1-30, 2022
+Added: The following table provides information about our purchases of our common stock during the three months ended December 31, 2023:
+Added: Purchased As Part of
+Added: Publicly Announced
+Added: Plans or Programs
+Added: Value) of Shares That May
+Added: Yet Be Purchased Under the
+Added: Plans or Programs
October 1-31, 2023
1 unchanged sentence
December 1-31, 2023
−Removed: (1) The weighted average price paid per share does not include the cost of commissions.
−Removed: Stock Performance Graph
−Removed: The following graph depicts the total return to stockholders from the closing price on October 19, 2021 (the date our Class A common stock began trading on Nasdaq) through December 31, 2022, relative to the performance of Nasdaq Composite and the Russell 2000 Technology Index.
−Removed: The graph assumes $100 invested at the closing price on October 19, 2021 in each of our Class A common stock, the Nasdaq Composite and the Russell 2000 Technology Index, and dividends reinvested in the security or index.
−Removed: The comparisons reflected in the graph are not intended to forecast the future performance of our stock and may not be indicative of our future performance.
+Added: 2,000,000 (1)
+Added: (1) On December 12, 2023, we repurchased 2.0 million shares of our Class A common stock from the underwriters of the December 2023 Secondary Offering (as defined herein) at a price of $6.24 per share (the same price per share paid by the underwriters to Hoya Topco, the selling stockholder).
+Added: See Note 17, Equity , to our consolidated financial statements included elsewhere in this Report for more information regarding the December 2023 Secondary Offering.
+Added: On February 29, 2024, our Board authorized a share repurchase program for up to $100.0 million of our Class A common stock, which program was publicly announced on March 5, 2024 and does not have a fixed expiration date.
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.