Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 278

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 278
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2 of which 10,222,576 and 11,220,076 shares were issued and outstanding at December 31, 2023 and 2022, respectively. The Company is authorized to issue one class of preferred stock (par value of $0.01 per share) to its stockholders. The Company had 20,000,000 shares of preferred stock authorized at December 31, 2023 and 2022 of which 9,242,416 and 8,213,670 shares were issued and outstanding at December 31, 2023 and 2022, respectively. All preferred shares have a liquidation preference equal to $13.64 per share and are convertible to common shares at the election of the holder on a one for one basis. The conversion price is decreased if the Company issues shares of its common stock at less than $13.64 per share. At December 31, 2023, the conversion price remained $13.64 per share. The preferred stock is required to be converted to common stock of the Company if either (1) there is a public offering of the Company’s common shares of at least $40.902 per share and resulting in at least $100 million of gross proceeds, or (2) holders of at least a majority of the outstanding shares of preferred stock vote to require all preferred stock holders to convert their shares held to common shares of the Company. The preferred stock has no required redemption or expiration. Preferred stockholders have voting rights on an if-convertedbasis to common shares of the Company. Dividends cannot be declared for other stock classes (such as the Company’s common shares) unless the preferred stockholders also receive an equivalent dividend per share. There otherwise are no dividends or distribution requirement for the preferred stock. The Company has issued and outstanding 120,334 preferred stock warrants with a strike price of $0.01. The warrants are subject to a seven-year term and expire without consideration in 2028 if not exercised. The warrants have been accounted for as equity and the fair value of $1,491 is included in additional paid-incapital. The warrants were issued in 2021 and fair value was determined based upon an allocation of the consideration received. The Company has issued and outstanding 0 and 1,000,000 common stock warrants with a strike price of $10.00 at December 31, 2023 and 2022, respectively. The warrants were exercisable three years after the grant date unless the Company