1 unchanged sentence
Market Information
−Removed: On October 19, 2021, our Class A common stock and warrants began trading on Nasdaq under the symbols “SEAT” and "SEATW," respectively.
−Removed: Prior to that date, there was no public trading market for our securities.
−Removed: 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.
−Removed: 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: Our Class A common stock and warrants are listed on the Nasdaq under the trading symbols “SEAT” and “SEATW,” respectively.
+Added: As of February 28, 2025, there were 44 holders of record of our Class A common stock and one holder of record of our Class B common stock.
+Added: However, the actual number of our Class A common stockholders is greater than this because it includes beneficial owners whose shares are held in “street name” by banks, brokers, and other nominees.
We did not pay any cash dividends on our Class A common stock during the year ended December 31, 2024.
−Removed: 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.
−Removed: 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: We intend to retain future earnings for operations, development, expansion, and debt repayment, as well as potential acquisitions, strategic investments, and share repurchases.
+Added: As a result, we have no current intention to pay cash dividends on our Class A common stock for the foreseeable future.
+Added: Any future decision to do so 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.
Stock Performance Graph
−Removed: 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.
−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, and may not be indicative of, the future performance of us or our Class A common stock.
−Removed: Issuer Purchases of Equity Securities
−Removed: The following table provides information about our purchases of our common stock during the three months ended December 31, 2023:
−Removed: Purchased As Part of
−Removed: Publicly Announced
−Removed: Plans or Programs
−Removed: Value) of Shares That May
−Removed: Yet Be Purchased Under the
−Removed: Plans or Programs
+Added: The following graph depicts the cumulative total return to stockholders, assuming dividend reinvestment, of a $100 investment in each of our Class A common stock, the Nasdaq Composite Index, and the Russell 2000 Technology Index from October 19, 2021 (the date on which our Class A common stock began trading on the Nasdaq) through December 31, 2024.
+Added: This information is not intended to forecast, and may not be indicative of, the future performance of our Class A common stock.
+Added: Recent Sales of Unregistered Securities
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: The following table provides information related to our purchases of our common stock during the three months ended December 31, 2024 (in thousands, except share and per share data):
+Added: Total Number of Shares Purchased
+Added: Average Price Paid Per Share
+Added: Total Number of Shares Purchased As Part of Publicly Announced Plans or Programs
+Added: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
October 1-31, 2024
1 unchanged sentence
December 1-31, 2024
−Removed: 2,000,000 (1)
−Removed: (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).
−Removed: See Note 17, Equity , to our consolidated financial statements included elsewhere in this Report for more information regarding the December 2023 Secondary Offering.
−Removed: 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.
+Added: (1) On February 29, 2024, our Board authorized a share repurchase program for up to $100.0 million of our Class A common stock (the “2024 Share Repurchase Program”).
+Added: The 2024 Share Repurchase Program was publicly announced on March 5, 2024, does not have a fixed expiration date, and does not obligate us to purchase any minimum number of shares.
+Added: Under the 2024 Share Repurchase Program, we may repurchase shares in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
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.