secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2021-09-27T23:59:59+00:00
Accession:  0001193125-21-284151
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000119312521284151/0001193125-21-284151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000119312521284151/d285058d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-284151

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