Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 208

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 208
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 the Substantial Ownership Requirement is no longer met, which is defined in our Stockholders Agreement as requiring
10% of the aggregate number of outstanding shares of our common stock to be beneficially held by the Pre-IPO Significant Stockholders, any issuance of equity securities, or any other ownership interests, of Slide or any of its subsidiaries, other
than under any equity incentive plan that has received the prior approval of the Board of Directors, for consideration exceeding $50.0 million must be approved by the Pre-IPO Significant Stockholders.

152

Preferred Stock Our board of directors has the authority to issue the preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof, including dividend rights, dividend rates, conversion rights, voting rights, terms of redemption, redemption prices, liquidation preferences and the number of shares constituting any series or the designation of such series, without further vote or action by the stockholders. The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of Slide without further action by the stockholders and may adversely affect the voting and other rights of the holders of common stock. At present, Slide has no plans to issue any of the preferred stock. Series A preferred stock As of March 31, 2025 (but giving effect to the Stock Split), we had 51,374,125 shares of Series A preferred stock outstanding. As a result of this offering, all the outstanding shares of the Series A preferred stock will be automatically converted into 51,374,125 shares of common stock upon the closing of this offering. See Note 22, Shareholders’ Equity, to our financial statements included elsewhere in this prospectus. Warrants Common stock warrants As of the date of this prospectus, there are no warrants to purchase our common stock outstanding. Preferred stock warrants In December 2021, we issued an aggregate of 120,334 warrants (without giving effect to the Stock Split) to purchase shares of our Series A preferred stock in a private offering, which expire in December 2028. Each of the warrants entitles the registered holder to purchase one share of our Series A preferred stock at an exercise price of $0.01 per share for cash, or on a cashless basis, subject to adjustment in certain circumstances. All of the preferred stock warrants were exercised on September 27, 2024, and, as a result, there are no warrants to purchase shares of our Series A preferred stock outstanding as of the date