other material
confidence high
sentiment negative
materiality 0.30
LiveRamp issues 90,083 shares, pays $2.06M cash to DataFleets co-founders as holdback vests below price floor
LiveRamp Holdings, Inc.
- Issued 90,083 shares of common stock to DataFleets co-founders under holdback agreements from February 2021 acquisition.
- Company elected to use Closing Share Price Floor due to stock price decline, triggering cash payment of $2,058,173 within 10 days.
- Shares issued under Section 4(a)(2) exemption to accredited investors; registered for resale via prospectus supplement.
- Prospectus supplement filed as part of registration rights agreement with co-founders (File No. 333-262790).