secwatch.observer — SEC 8-K summary
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Issuer:     Clear Secure, Inc. (YOU)
CIK:        0001856314
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001104659-21-088989
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clear Secure completes IPO of 15.2M shares at $31, nets $444.7M
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- IPO closed July 2, 2021; 15.18M Class A shares (incl. 1.98M overallotment) sold at $31.00/share.
- Net proceeds to Clear Secure were $444.7M after underwriting discounts; contributed to Alclear Holdings for expenses and corporate purposes.
- On June 29, 2021, issued 59.2M Class A shares to pre-IPO Alclear members in reorganization; also issued Class B, C, D shares.
- Entered Reorganization Agreement, Amended Operating Agreement, Exchange Agreement, Registration Rights Agreement, and Tax Receivable Agreement.
- Class A common stock now listed on NYSE under ticker YOU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856314/000110465921088989/0001104659-21-088989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856314/000110465921088989/tm2112714d25_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-088989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer