Company: WLTH
Filing Date: 2025-06-18
Form Type: DRS
Source: 0001628279-25-000372
Chunk: 148

Company: WEALTHFRONT CORP
Filing Date: 2025-06-18
Form: DRS
Chunk 148
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 flow from operating activities.

As of January 31, 2025, our primary sources of liquidity were our unrestricted cash and cash equivalents of $142.9 million.

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As of January 31, 2025, we were party to a credit agreement with a third-party financial institution to provide a revolving line of up to $50.0 million with a maturity date of October 30, 2025 (the “Revolver”). The Revolver was not drawn on during the fiscal year ended January 31, 2025.

Based on our current level of operations, we believe our available cash and cash provided by operations will be adequate to meet our future liquidity needs for at least the next 12 months. Our future capital requirements and the adequacy of available funds will depend on many factors, including, but not limited to our growth, our ability to attract and retain platform assets, efforts to develop and improve our platform, the growth of new and existing products, marketing activities, potential merger and acquisition activity, and other strategic initiatives.

#### Borrowings
Bridge Loan

In January 2022, we entered into a loan agreement with an investor and member of our board of directors to borrow up to $20.0 million (“Bridge Loan”). We borrowed $10 million under the Bridge Loan in each of January 2022 and March 2022 for a total of $20 million. Borrowings under the Bridge Loan agreement accrued simple interest on the outstanding amounts at an interest rate of 10.0% per annum, based upon a year of 365 days and actual days elapsed. The Bridge Loan agreement was amended in August 2023 to extend the maturity date from April 2, 2024 to September 30, 2025 and allow for interest to accrue on the outstanding balance of the Bridge Loan as of April 3, 2024 at a rate of 12.5% per annum, compounded annually from April 3, 2024 until September 30, 2025. The Bridge Loan was paid off in full in November 2024.

Convertible Note

In September 2022, we issued a convertible note of $69.7 million. The convertible note had a three-year term and a maturity date of September 2, 2025. The convertible note accumulated interest at an annual interest rate equal to the Secured Overnight Financing Rate (“SOFR”) plus 9.0% per annum, which was compounded annually based on a 360