Company: WLTH
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000486
Chunk: 153

Company: WEALTHFRONT CORP
Filing Date: 2025-07-28
Form: DRS/A
Chunk 153
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4.

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-day year of twelve 30-day months. Interest was payable semi-annually in arrears either (i) in cash or (ii) by increasing the principal amount of the convertible note by the amount of such interest (with such increased amount thereafter accruing interest as well) on each interest payment due date. The convertible note was exchangeable for redeemable convertible preferred stock at the option of the noteholder prior to the repayment of the convertible note. The convertible note was convertible into the number of shares obtained by dividing (a) the repayment amount by (b) the conversion price of $9.54. The convertible note was paid off in full in March 2024.

Revolving Line of Credit

On October 31, 2024, we entered into the Revolver. Interest accrued on the outstanding principal balance is at (i) the base rate, plus 1.0% per annum or (ii) Adjusted Daily Simple SOFR, plus 2.0% per annum. The base rate is defined as the highest of (i) the Prime Rate; (ii) the Federal Funds Rate, plus 0.50%, and (c) Adjusted Daily Simple SOFR plus 1.00%, and is payable on a monthly basis. The Revolver was not drawn on during the fiscal year ended January 31, 2025.

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#### Cash Flows
The following table presents summarized consolidated cash flow information for the periods presented (in thousands):

|                                           | (in thousands, except percentages) | Fiscal Year Ended January 31, |    2024 |     |   |    2025 |     |   | $ Change |     |     | % Change |   |
|:------------------------------------------|:-----------------------------------|:------------------------------|--------:|:----|:--|--------:|:----|:--|---------:|:----|:----|---------:|:--|
| Net cash provided by operating activities |                                    | $                             |  72,918 |     | $ |