Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 28

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 28
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a) estimated volatility for DBRG's class A common stock of 35.2% (34.7% at December 31, 2024); (b) closing stock price of DBRG's class A common stock on the last trading day of the quarter; (c) the strike price for each warrant; (d) remaining term to expiration of the warrants; and (e) risk free rate of 3.99% per annum (4.21% per annum at December 31, 2024), derived from the daily U.S. Treasury yield curve rates to correspond to the remaining term to expiration of the warrants. Contingent ConsiderationIn connection with the acquisition of InfraBridge, contingent consideration is payable if prescribed fundraising targets are met. In measuring the contingent consideration at March 31, 2025 and December 31, 2024, the Company applied a probability-weighted approach to the likelihood of meeting various fundraising targets and discounted the estimated future contingent consideration payment at 6.9% and 7.3%, respectively, to derive a present value amount, classified as Level 3 of the fair value hierarchy. Changes in Level 3 Fair Value The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss).Level 3 AssetsLevel 3 LiabilitiesFair Value Option - Equity Method InvestmentsEquity Investment of Consolidated FundsDBRG Stock WarrantsInfraBridge Contingent Consideration(In thousands)Fair value at December 31, 2023$6,700 $416,614 $(39,200)$11,338 Unrealized gain (loss) in earnings, net(3,975)— (5,400)— Reclassification to equity— — 33,000 — Fair value at March 31, 2024$2,725 $416,614 $(11,600)$11,338 Net unrealized gain (loss) in earnings on instruments held at March 31, 2024$(3,975)$— $(2,500)$—  Fair value at December 31, 2024$137,154 $63,154 $(700)$(6,100)Unrealized gain (loss) in earnings, net100 — 600 3,900 Fair value at March 31, 2025$137,254 $63,