Company: WLTH
Filing Date: 2025-12-02
Form Type: S-1/A
Source: 0001628280-25-054592
Chunk: 141

Company: WEALTHFRONT CORP
Filing Date: 2025-12-02
Form: S-1/A
Chunk 141
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 shares of our common stock offered would increase (decrease) the net proceeds from this offering by approximately $12.2 million, assuming that the assumed initial public offering price of $13.00 remains the same, and after deducting the estimated underwriting discounts and commissions payable by us.

The principal purposes of this offering are to create a public market for our common stock, increase our visibility in the marketplace, obtain additional capital, increase our capitalization and financial flexibility, and facilitate an orderly distribution of shares for the selling stockholders. We currently intend to use the net proceeds we receive from this offering for working capital and other general corporate purposes, which may include product development, general and administrative matters, capital expenditures, and satisfying our general capital needs (including capital requirements imposed by regulators and SROs). We intend to use a portion of the net proceeds we receive from this offering to repay the $200.0 million of indebtedness under the Revolving Credit Facility, which we intend to borrow in order to pay our anticipated tax withholding and remittance obligations related to the RSU Net Settlement. The Revolving Credit Facility matures on October 13, 2028, and interest on our outstanding balance under the Revolving Credit Facility accrues at a rate per annum equal to, at our option, either (i) a base rate determined by reference to the highest of (x) prime rate, (y) the federal funds effective rate plus 0.50% and (z) the adjusted daily Secured Overnight Financing Rate (“SOFR”) plus 1.00%, in each case plus the applicable interest margin, or (ii) the adjusted daily SOFR plus the applicable interest margin. After withholding an aggregate of 8,434,405 shares of our common stock in connection with the RSU Net Settlement, based on the assumed initial public offering price of $13.00 per share of common stock, which is the midpoint of the offering price range set forth on the cover page of this prospectus, and using an assumed 45% tax withholding rate, we would use approximately $119.7 million to satisfy our tax withholding and remittance obligations related to the RSU Net Settlement. Prior to the closing of this offering, we intend to use the proceeds from the Revolving Credit Facility, together with cash on hand, to pay all of our anticipated tax withholding and remittance obligations related to the RSU Net Settlement.

We may also use a portion of the net proceeds to acquire or invest in businesses, products, services, or technologies that