Liftoff Mobile, Inc. filed an initial ownership report for Principal Accounting Officer Clayton Patrick. The Form 3 shows direct ownership of 91,657 shares of common stock.
Patrick also holds several stock option awards, including options over 81,250 shares at an exercise price of $17.71, 65,000 shares at $11.38, 20,800 shares at $9.86, and 180,607 shares at $4.84, with expirations ranging from 2031 to 2035. Footnotes explain that some options are fully vested while others vest in scheduled quarterly installments through June 30, 2026 and September 30, 2027.
Liftoff Mobile, Inc. files a prospectus for an initial public offering of 19,000,000 shares of common stock at an initial public offering price of $23.00 per share. The shares are expected to list on Nasdaq under the symbol LFTO. The underwriters have a 30-day option to purchase up to an additional 2,850,000 shares.
The prospectus states estimated proceeds to Liftoff, before expenses, of approximately $410.8 million and that net proceeds are intended primarily to repay outstanding indebtedness under the New Term Loan Facility (approximately $357.3 million) with the remainder for general corporate purposes and offering expenses. The prospectus discloses governance and control details: Blackstone-affiliated entities currently control a majority of voting power and would hold approximately 50.4% voting power after the offering (or 49.5% if the underwriters’ option is exercised in full).