Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 79

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 79
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a) such exercising holder owning more than 4.99% of the Company's outstanding Class A common stock, (b) more than 22.5% of the Company's capital stock or voting interests being owned directly or indirectly by foreign individuals or entities, (c) the Company exceeding any foreign ownership threshold set by the FCC pursuant to a declaratory ruling or specific approval requirement or (d) the Company violating any provision of the Communications Act or restrictions on ownership or transfer imposed by the Company's certificate of incorporation or the decisions, rules and policies of the FCC. Although the agreement governing the Special Warrants provides that the Company may decline to permit the exercise of Special Warrants if such exercise would result in more than 22.5% of our capital stock or voting interests being owned directly or indirectly by foreign individuals or entities, the Company received a ruling from the FCC permitting it to have up to 100% foreign ownership in the aggregate. Any holder exercising Special Warrants must complete and timely deliver to the warrant agent the required exercise forms and certifications required under the special warrant agreement.Computation of Loss per Share(In thousands, except per share data)Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024NUMERATOR:    Net loss attributable to the Company – common shares$(66,264)$(41,265)$(430,968)$(1,041,431)DENOMINATOR(1):   Weighted average common shares outstanding - basic155,187 151,990 153,991 150,978   Stock options and restricted stock(2):— — — — Weighted average common shares outstanding - diluted155,187 151,990 153,991 150,978 Net loss attributable to the Company per common share:   Basic$(0.43)$(0.27)$(2.80)$(6.90)Diluted(0.43)(0.27)(2.80)(6.90)(1)All of the outstanding Class B common stock and Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Company for the three and nine months ended September 30, 2025 and 2024.

(2)Outstanding equity service awards representing 10.6 million and 14.8 million shares of Class A common stock of the Company for the three months ended September 30, 2025 and 2024,