REDEEMABLE PREFERRED STOCK (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Issuances, Reclassifications and Redemptions for each class of Preferred Stock in Permanent Equity

The table below provides information regarding the issuances, reclassifications and redemptions of each class of the Company’s preferred stock in permanent equity during the three months ended March 31, 2025 and 2024 (dollar amounts in thousands):


	Preferred Stock

	Series A1			Series A			Series D			Total
	Shares	Amount		Shares	Amount		Shares	Amount			Shares	Amount
Balances, December 31, 2023	10,378,343	$	256,935	7,431,839	$	185,704	48,447	$	1,190		17,858,629	$	443,829
Issuance of A1 Preferred Stock	853,879	21,246		—	—		—	—			853,879	21,246
Redemption of Series A1 Preferred Stock	(24,046)	(595)		—	—		—	—			(24,046)	(595)
Redemption of Series A Preferred Stock	—	—		(389,506)	(9,698)		—	—			(389,506)	(9,698)
Balances, March 31, 2024	11,208,176	$	277,586	7,042,333	$	176,006	48,447	$	1,190		18,298,956	$	454,782











Balances, December 31, 2024	8,372,689	$	207,387	4,125,363	$	103,326	48,447	$	1,190		12,546,499	$	311,903

Redemption of Series A1 Preferred Stock paid in Common Stock	(194,216)	(4,813)		—	—		—	—			(194,216)	(4,813)


Redemption of Series A Preferred Stock paid in Common Stock	—	—		(104,471)	(2,606)		—	—			(104,471)	(2,606)
Balances, March 31, 2025	8,178,473	$	202,574	4,020,892	$	100,720	48,447	$	1,190		12,247,812	$	304,484

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details