other material
confidence high
sentiment neutral
materiality 0.35
LiveRamp issues 38,643 shares and $1.5M cash to DataFleets co-founder in holdback settlement
LiveRamp Holdings, Inc.
- Issued 38,643 shares of common stock to DataFleets co-founder as accelerated holdback settlement.
- Paid co-founder approximately $1.5M in cash due to using closing share price floor.
- Shares issued under Section 4(a)(2) exemption; co-founder is accredited investor.
- Prospectus supplement filed to register resale of shares under existing S-3 registration statement.
- Holdback amount accelerated on September 29, 2023 per terms of 2021 acquisition agreement.