Toast closes IPO of 25M shares at $40, gross proceeds $1B

Toast, Inc.

IPO of 25M Class A common shares at $40.00 on Sept 24, 2021; full exercise of underwriters' option.
Gross proceeds of $1B; net after underwriting discounts and offering expenses not disclosed.
Amended charter authorizes 7B Class A, 700M Class B common, and 100M undesignated preferred shares.
Second amended bylaws eliminate stockholder action by written consent and establish proposal/nomination procedures.

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