Company: ACEL
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001698991-25-000023
Chunk: 23

Company: Accel Entertainment, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 23
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 on the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024. The contingent consideration accrued is measured at fair value on a recurring basis. The Company presents on its condensed consolidated statement of cash flows, payments for consideration payable within 90-days in investing activities, 

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

payments after 90-days and up to the acquisition date fair value in financing activities, and payments in excess of the acquisition date fair value in operating activities. Current and long-term portions of consideration payable consist of the following as of March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025December 31, 2024CurrentLong-TermCurrentLong-TermFair Share Gaming*982 5,491 969 5,493 Skyhigh*545 4,094 563 4,264 IVSM*96 88 94 187 IGE 596 1,634 586 1,605 Island*100 — 100 — Randy’s168 — 165 — Toucan Gaming482 2,937 474 2,892 Pelican168 159 165 155 Total$3,137 $14,403 $3,116 $14,596 * Acquisitions that occurred prior to 2024.

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 2019, 5,000,000 shares of Class A-2 common stock were issued, subject to the conditions set forth