Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 14

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 4
Chunk 14
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 evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur due to a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by management override of the controls. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate due to changes in conditions, or the degree of compliance with policies or procedures may deteriorate. Due to inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Refer to Note 8, “Commitments and Contingencies,” and Note 14, “Subsequent Events,” in this Form 10-Q.

ITEM 1A. RISK FACTORS

There have been no material changes from the risk factors as previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Repurchases

The following table provides information about the purchases of our common stock made through the three months ended March 31, 2025:

PeriodsTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of SharesPurchased as Part ofPublicly Announced Plansor ProgramsApproximate Dollar Valueof Shares that May Yet BePurchased Under the Plansor Programs(in millions)(a)January 1, 2025 through January 31, 2025380,597 5.76380,597 $30.2 February 1, 2025, 2024 through February 28, 2025151,238 6.28151,238 $29.2 March 1, 2025 through March 31, 2025313,729 5.07313,729 $27.6 Total845,564 5.60845,564 

(a) In August 2023, our Board of Directors approved a share repurchase authorization for up to $65.0 million of our common