Company: WLTH
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001628280-25-056439
Chunk: 149

Company: WEALTHFRONT CORP
Filing Date: 2025-12-11
Form: S-1/A
Chunk 149
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 paid-in capital resulting from (A) the RSU Net Settlement and related tax withholding and remittance obligations and (B) the subsequent use of proceeds from the Revolving Credit Facility, together with cash on hand, to repay such tax withholding and remittance obligations prior to the closing of this offering.

After giving effect to (i) the sale and issuance of 21,468,038 shares of our common stock in this offering at an assumed initial public offering price of $13.00 per share, which is the midpoint of the offering price range set forth on the cover page of this prospectus, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us and (ii) the application of the net proceeds therefrom as described in the section titled “Use of Proceeds,” including the use of the net proceeds from this offering to repay the full outstanding amount under the Revolving Credit Facility, our pro forma as adjusted net tangible book value as of July 31, 2025 would have been $445.5 million, or $3.05 per share. This represents an immediate increase in pro forma net tangible book value of $1.53 per share to our existing stockholders and an immediate dilution in pro forma as adjusted net tangible book value of $9.95 per share to investors purchasing shares of our common stock in this offering at the assumed initial public offering price.

The following table illustrates this dilution on a per share basis to new investors:

| Assumed initial public offering price per share                                                                                |     |       |     | $13.00 |
| Pro forma net tangible book value per share as of July 31, 2025 before giving effect to this offering                          |     | $1.52 |     |        |
| Increase in pro forma net tangible book value per share attributable to new investors purchasing common stock in this offering |     | $1.53 |     |        |
| Pro forma as adjusted net tangible book value per share immediately after this offering                                        |     |       |     |  $3.05 |
| Dilution in pro forma as adjusted net tangible book value per share to new investors in this offering                          |     |       |     |  $9.95 |

The dilution information discussed above is illustrative only and will change based on the actual initial offering price and other terms of this offering determined at pricing, the actual tax withholding rates, as well as the actual amount of RSUs settled in connection with this offering. A $1.00 increase