15 annotations
Purchasers may engage in hedging activities at various times during the period that the Shares are outstanding, and (z) such hedging activities (if any) could reduce the value of the existing stockholders’ equity interests in the Company at and after the time that the hedging activities are being conducted. The Company acknowledges that such aforementioned hedging activities do not constitute a breach of any of the Transaction Document
Interesting notation
8-K
28 Oct 21
With regard to our CPG business, we believe our competitors are Amazon, Helen of Troy, Newell Brands, Frigidaire, Trademark Global and any CPG company that sells products similar to ours in the e-commerce space
CPG business competitors. TODO: look at net margins for these businesses
10-K
2020 FY
8 Aug 21
We are focused on driving manufacturing and logistics costs down as we grow, scale and improve our purchasing power.
Logistics strategy. Focus on adding 3p warehouses to lower costs.
10-K
2020 FY
8 Aug 21
with approximately 94 manufacturers, predominately in China
94 manufacturers, 31 people in Shenzhen China do sourcing, product testing, and QA. Combination of Amazon warehouses and 3p FCs to ship stuff.
10-K
2020 FY
8 Aug 21
The launch phase is where we classify new products being introduced into the marketplace.
Ad spend strategy
10-K
2020 FY
8 Aug 21
Currently our primary focus on advertising spend is online across Amazon, Google and Facebook
Primarily advertise on amazon google and fb
10-K
2020 FY
8 Aug 21
Customers in our PaaS business consist of third-party consumer product companies who are primarily engaged in pilot programs.
Pilot programs for PAAS business in 2020
10-K
2020 FY
8 Aug 21
In 2019, approximately 95% of our revenue was through or with the Amazon sales platform and in 2020, 88% of our revenue was through or with the Amazon sales platform.
95% of sales on amazon platform in 2019 and 88% in 2020
10-K
2020 FY
8 Aug 21
erminated the Horizon Term Loan.
Terminated horizon term loan
10-K
2020 FY
8 Aug 21
Debt Refinancing
Issue debt w/ principal of 43M and warrants for 2.8M shares to pay off horizon term loan. Probably b/c they were going to breach covenants
10-K
2020 FY
8 Aug 21
Each Warrant has an exercise price of $9.01 per share
Exercise price is 9.01 per share
8-K
6 Aug 21
(ii) a warrant (the “Warrant”) to purchase up to an aggregate of 2,864,133 shares of common stock of the Company, par value $0.0001 per share (“Common Stock”).
I guess this does work out well but not sure what the strike price is. This represents ~10% of outstanding shares and 30M to ATER upon exercise
8-K
6 Aug 21
(i) a 0% coupon senior secured promissory note in an aggregate principal amount of $43,000,000 (the “Note”)
Implies 14% premium to actual payment => ~7% APR
8-K
6 Aug 21
The Note will amortize in equal monthly installments of $1.8 million beginning in January 2021.
2M per month in payments
8-K
6 Aug 21
As of December 31, 2020, the total unrecognized compensation expense related to unvested shares of restricted common stock was $12.2 million, which the Company expects to recognize over an estimated weighted-average period of 0.97 years.
12.2M of stock over next 1 year. They already paid 6.6M in Q1 though?
10-K
2020 FY
5 Aug 21
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