Company: IBTA
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008240
Chunk: 31

Company: Ibotta, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 31
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December 31,Classification20242023Assets:Right-of-use assets – currentPrepaid expenses and other current assets$831 $922 Right-of-use assets – long-termOther long-term assets— 831 Total leases assets$831 $1,753 Liabilities:Operating lease liabilities – currentOther current liabilities$1,549 $1,752 Operating lease liabilities – long-termOther long-term liabilities— 1,549 Total leased liabilities$1,549 $3,301 The weighted average remaining lease term and discount rate were as follows:December 31, 2024Weighted average remaining lease term (in years)0.8Weighted average discount rate4.75 %

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Table of ContentsIbotta, Inc.Notes to Financial Statements

Future maturities of lease liabilities as of December 31, 2024 are as follows:Year ending December 31,In thousands2025$1,616 2026— 2027— 2028— Thereafter— Total minimum lease payments1,616 Less: imputed interest67 Present value of lease liabilities$1,549 As of December 31, 2024, the Company had executed a new office space lease that had not yet commenced, with minimum lease payments of approximately $22.8 million excluded from the table above. We anticipate that this lease will commence during fiscal year 2025 with a term of approximately 11 years.

9. Redeemable Convertible Preferred Stock and Stockholders’ Equity

On April 22, 2024, the Company closed its IPO, in which we issued and sold 2,500,000 shares of our Class A common stock at the IPO price. The Company received net proceeds of $198.0 million after deducting underwriting discounts and commissions of $13.2 million and offering costs of approximately $8.8 million. The Selling Stockholders offered an additional 4,060,700 shares of the Company’s Class A common stock at the IPO price in a secondary offering, for which the Company received no proceeds. In connection with the secondary offering, on April 25, 2024, the underwriters for the IPO exercised their option to purchase an additional 984,105 shares of the Company’s Class A common stock from the Selling Stockholders at the IPO price less underwriting discounts and commissions, with all proceeds going to the Selling Stockholders. In connection with the IPO, on April 22