other
confidence high
sentiment neutral
materiality 0.40
ZoomInfo completes UP-C elimination reorganization; New holding company becomes public issuer
ZoomInfo Technologies Inc.
- Old ZoomInfo merged into New ZoomInfo on Oct 29, 2021; stockholders received one-for-one shares of new Class A and B common stock.
- New ZoomInfo continues trading on Nasdaq under ticker ZI with same CUSIP; board and executive officers unchanged.
- Issued 27,824,157 shares of Class A common stock to holders of OpCo units in the OpCo merger (unregistered).
- Tax Receivable Agreements amended to facilitate conversion of ZoomInfo MidCo LLC into a corporation and the reorganization.
- No operational or financial changes; same assets, business, and management as prior to the reorganization.