Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 81

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 81
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 million for the year ended December 31, 2022.

F-30

Table of ContentsAccel Entertainment, Inc. and SubsidiariesNotes to Consolidated Financial Statements — (Continued)

Consideration PayableThe Company has a contingent consideration payable related to certain locations, as defined, in the respective acquisition agreement which are placed into operation during a specified period after the acquisition date. The fair value of contingent consideration is included in the consideration payable on the consolidated balance sheets as of December 31, 2024 and 2023. The contingent consideration accrued is measured at fair value on a recurring basis. Payments related to consideration payable were $3.4 million for the year ended December 31, 2024.Current and long-term portions of consideration payable consist of the following as of December 31 (in thousands):20242023CurrentLong-TermCurrentLong-TermTAV *$— $— $2,005 — Fair Share Gaming *969 5,493 504 92 Skyhigh *563 4,264 528 3,941 IVSM94 187 94 168 IGE Asset Acquisition586 1,605 — — Tom's Amusements*— — 57 — Island100 — 100 — Randy's165 — — — Toucan Gaming474 2,892 — — Pelican165 155 — — Total$3,116 $14,596 $3,288 $4,201         *  Acquisitions that occurred prior to 2022.

Note 11. Contingent Earnout Share Liability

Pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, the Company authorized and has available for issuance 10,000,000 shares of Class A-2 common stock. The holders of the Class A-2 common stock do not have voting rights and are not entitled to receive or participate in any dividends or distributions when and if declared from time to time. The Company concluded that the Class A-2 common stock should be reflected as a contingent earnout share liability due to the fact that such shares are not entitled to dividends, voting rights, or a stake in the Company in the case of liquidation. The contingent earnout share liability is recorded at fair value. For more information on how the fair value is determined, see Note 12.In