Company: PIII
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-026021
Chunk: 61

Company: P3 Health Partners Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 ACTIVITIES:Proceeds from long-term debt, net of original issue discount30,000 10,000 Payment of debt issuance costs(139)— Proceeds from at-the-market sales, net of offering costs paid— 33 Payment of tax withholdings upon settlement of restricted stock unit awards— (73)Repayment of short-term and long-term debt(341)(430)Proceeds from short-term debt1,137 1,871 Net cash provided by financing activities30,657 11,401 Net change in cash and restricted cash(2,809)(8,629)Cash and restricted cash, beginning of period44,102 40,934 Cash and restricted cash, end of period$41,293 $32,305 

See accompanying notes to condensed consolidated financial statements.

P3 Health Partners Inc. | Q1 2025 Form 10-Q | 8

P3 HEALTH PARTNERS INC. and SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1: Organization10Note 2: Going Concern and Liquidity10Note 3: Significant Accounting Policies10Note 4: Recent Accounting Pronouncements12Note 5: Fair Value Measurements and Hierarchy13Note 6: Property and Equipment14Note 7: Intangible Assets15Note 8: Debt16Note 9: Net Loss per Share17Note 10: Redeemable Non-controlling Interest18Note 11: Segment Reporting19Note 12: Capitalization19Note 13: Variable Interest Entities20Note 14: Income Taxes21Note 15: Subsequent Events21

P3 Health Partners Inc. | Q1 2025 Form 10-Q | 9

Note 1: OrganizationP3 Health Partners Inc. (“P3”) is a patient-centered and physician-led population health management company and, for accounting purposes, the successor to P3 Health Group Holdings, LLC and its subsidiaries (collectively, “P3 LLC,” and together with P3, the “Company”) after the consummation of a series of business combinations in December 2021 with Foresight Acquisition Corp. (the “Business Combinations”). As the sole manager of P3 LLC, P3 operates and controls all of the business and affairs of P3 LLC and P3’s only assets are equity interests in P3 LLC.P3 LLC was founded on April 12, 2017 and began commercial