General Atlantic funds report 24M Liftoff Mobile (LFTO) shares after IPO conversion
Rhea-AI Filing Summary
Liftoff Mobile, Inc. has filed an initial ownership report showing that investment vehicles affiliated with General Atlantic collectively hold 24,011,299 shares of Common Stock indirectly. These shares are held of record by General Atlantic (LFT), L.P. after conversion of 425,000 shares of Series A Redeemable Convertible Preferred Stock in connection with the company’s initial public offering.
The filing explains a layered fund structure in which multiple General Atlantic funds share beneficial ownership of the shares, with various general partners and managing entities exercising control. Members of the GA Partnership Committee disclaim ownership of the shares except to the extent of their pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Footnotes (4)
- F1. Consists of 24,011,299 shares held by General Atlantic (LFT), L.P. ("GA LFT") that were acquired upon the conversion of 425,000 shares of Series A Redeemable Convertible Preferred Stock of the Issuer in connection with the Issuer's initial public offering.
- F2. The following investment funds share beneficial ownership of the common shares held of record by GA LFT (collectively, the "GA Funds"): General Atlantic Partners 100, L.P. ("GAP 100"), General Atlantic Partners (Lux) SCSp ("GAP Lux"), GAP Coinvestments III, LLC ("GAPCO III"), GAP Coinvestments IV, LLC ("GAPCO IV"), GAP Coinvestments V, LLC ("GAPCO V") and GAP Coinvestments CDA, L.P. ("GAPCO CDA"). (Cont'd in FN3)
- F3. (Cont'd from FN2) General Atlantic (SPV) GP, LLC ("GA SPV") is the general partner of GA LFT. General Atlantic, L.P. ("GA LP") is the sole member of GA SPV. The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp ("GA GenPar Lux"), and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a. r.l. ("GA Lux"). The sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda"). (Cont'd in FN4)
- F4. (Cont'd from F3) GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "GA Partnership Committee"), is the managing member of GAPCO III, GAPCO IV, and GAPCO V and the general partner of GAPCO CDA. GAP (Bermuda) LP ("GAP Bermuda"), which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda. The general partner of GAP 100 is General Atlantic GenPar, L.P. ("GA GenPar"), and the general partner of GA GenPar is GA LP. There are six members of the GA Partnership Committee. Each of the members of the GA Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein.
Key Figures
Key Terms
beneficial ownership financial
Series A Redeemable Convertible Preferred Stock financial
initial public offering financial
pecuniary interest financial
FAQ
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