Company: WLTH
Filing Date: 2025-08-22
Form Type: DRS/A
Source: 0001628279-25-000564
Chunk: 159

Company: WEALTHFRONT CORP
Filing Date: 2025-08-22
Form: DRS/A
Chunk 159
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 was exchangeable for redeemable convertible preferred stock at the option of the noteholder prior to the repayment of the convertible note. The convertible note was convertible into the number of shares obtained by dividing (a) the repayment amount by (b) the conversion price of $9.54. The convertible note was paid off in full in March 2024.

Revolving Line of Credit

On October 31, 2024, we entered into the Revolver. Interest accrued on the outstanding principal balance is at (i) the base rate, plus 1.0% per annum or (ii) Adjusted Daily Simple SOFR, plus 2.0% per annum. The base rate is defined as the highest of (i) the Prime Rate; (ii) the Federal Funds Rate, plus 0.50%, and (c) Adjusted Daily Simple SOFR plus 1.00%, and is payable on a monthly basis. The Revolver was not drawn on during the fiscal year ended January 31, 2025.

#### Cash Flows
The following table presents summarized consolidated cash flow information for the periods presented (in thousands):

|                                           | (in thousands, except percentages) | Fiscal Year Ended January 31, |    2024 |     |   |    2025 |     |   | $ Change |     |     | % Change |   |
|:------------------------------------------|:-----------------------------------|:------------------------------|--------:|:----|:--|--------:|:----|:--|---------:|:----|:----|---------:|:--|
| Net cash provided by operating activities |                                    | $                             |  72,918 |     | $ | 123,150 |     | $ |   50,232 |     |     |       69 | % |
| Net cash used in investing activities     |                                    |                               |  -5,163 |     |   |  -5,843 |     |   |     -680 |     |     |       13 | % |
| Net cash used in financing activities     |                                    |                               | -39,499 |     |   | -58,546 |     |   |  -19,047 |     |     |       48 | % |

Operating Activities

Cash provided by operating activities was $72.9 million for fiscal 2024, primarily due to the net income of $77.0 million and non-cash adjustments of $27.