Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 10

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 4
Chunk 10
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 of gaming activity, a downturn in the economic environment may in turn have a material adverse impact on our business and financial condition.

The Company has determined to pursue a sole primary listing on the ASX, meaning we intend to delist our securities from Nasdaq, which could negatively affect the liquidity and trading prices of our common stock, and could result in a decline in stock prices and could limit investors’ ability to trade in our securities.

The Company remains focused on enhancing the liquidity and market capitalization of its ASX listing and has determined to pursue a sole primary listing on the ASX and delist our securities from Nasdaq. Such delisting, if consummated, could result in a decrease in disclosure or other information (including analyst coverage) about the Company, impact our access to the capital markets (including by limiting our ability to issue additional securities or obtain additional financing) and decrease the liquidity and trading prices of our common stock (even though stockholders may still continue to trade our common stock on an over-the-counter (“OTC”) market).

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

We repurchased 1.2 million shares under the share repurchase programs during the three months ended September 30, 2025.

(in millions, except for price per share)ISSUER PURCHASES OF EQUITY SECURITIESPeriodTotal Number of SharesPurchased as Part ofPublicly AnnouncedPrograms(1)Average Price Paid per Share(2)Total Cost of Repurchase (in millions)(2)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (in millions)(2)7/1/2025 - 7/31/2025— $— $— $947 8/1/2025 - 8/31/20250.7 $86.37 63 $884 9/1/2025 - 9/30/20250.5 $87.90 48 $836 Total1.2 $87.02 $111 $836 (1) On June 11, 2024, our Board of Directors (“Board”) approved a new share repurchase program under which the Company was authorized to repurchase from time to time through June 12, 2027, up to an aggregate amount of $1.0 billion in shares of our common stock. On July 31, 2025, the Board approved an increase of