Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: On April 12, 2022, we issued an aggregate of 28,733 restricted shares of our Class A Common Stock to shareholders of Mxt on a pro rata basis as partial consideration of our acquisition of Mxt (the “Mxt Shares”).
−Removed: The Mxt Shares were valued at $17.40 per share, which was the price per share based on the average closing price of our Class A Common Stock for the thirty (30) trading days immediately preceding our acquisition of Mxt.
−Removed: For additional information about the Mxt transaction please see our description in Note 3, Business Combinations, to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q.
−Removed: The Mxt Shares were not registered under the Securities Act of 1933, as amended.
−Removed: However, the Mxt Shares were issued in reliance upon the exemption from registration provided for under Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Section 506 of Regulation D promulgated thereunder.
−Removed: Except as set forth above, we did not sell any other unregistered equity securities during the period covered by this report that were not otherwise disclosed in a Current Report on Form 8-K.
+Added: Purchase of Equity Securities by Issuer and Affiliated Purchasers
+Added: The following table presents information related to our purchases of the Company's Class A Common Stock during the quarter ended September 30, 2022:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program (1)
+Added: Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Plan or Program (1)
+Added: July 1, 2022 through July 30, 2022 — NA NA NA
+Added: August 1, 2022 through August 31, 2022 — NA NA NA
+Added: September 1, 2022 through September 30, 2022 7,692,308 $ 10.40 7,692,308 $ 120,000,000
+Added: Total 7,692,308 7,692,308 $ 120,000,000
+Added: (1) On September 26, 2022, the Company’s Board of Directors approved a share repurchase program (“Share Repurchase Program”) that authorizes the repurchase of up to $200.0 million of shares of the Company’s Class A common stock.
+Added: Under the Share Repurchase Program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase programs, or otherwise, all in accordance with the requirements of the Securities and Exchange Commission and other applicable legal requirements.
+Added: The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations.
+Added: The Share Repurchase Program does not obligate the Company to acquire any particular amount of its Class A common stock, and the Share Repurchase Program may be suspended or discontinued at any time at the Company’s discretion.
Defaults Upon Senior Securities.
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