Abacus Global Management, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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Consolidated Statements of Changes in Stockholders’ Equity
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Class A Common Stock · Treasury Stock · AdditionalPaid-InCapital · Retained Earnings (Accumulated Deficits) · AccumulatedOtherComprehensiveIncome · Non-ControllingInterests · TotalStockholders’Equity | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||||||||||
| BALANCE AS OF DECEMBER 31, 2022(1) | 50,369,350 | $5,037 | — | $— | $704,963 | $25,487,323 | $1,052,836 | $899,538 | $28,149,697 | ||||||||
| Distributions | — | — | — | — | (34,451,607) | — | — | (34,451,607) | |||||||||
| Deferred transaction costs | — | — | — | — | (555,851) | (10,841,551) | — | — | (11,397,402) | ||||||||
| Public warrants | — | — | — | — | 4,726,500 | (3,765,600) | — | — | 960,900 | ||||||||
| Merger with East Resources Acquisition Company | 12,980,473 | 1,298 | — | — | 17,849,052 | (20,646,575) | — | — | (2,796,225) | ||||||||
| Acquisition of Abacus Settlements, LLC | — | — | — | — | 165,361,332 | — | — | — | 165,361,332 | ||||||||
| Proceeds received from SPAC trust | — | — | — | — | 972,262 | — | — | — | 972,262 | ||||||||
| Repurchase of common stock | — | — | (146,650) | (1,283,062) | — | — | — | (1,283,062) | |||||||||
| Stock-based compensation | 39,000 | 4 | — | — | 10,768,020 | — | — | — | 10,768,024 | ||||||||
| Transfer of non-controlling interest | — | — | — | — | — | (24,751) | — | 24,751 | — | ||||||||
| Other comprehensive loss | — | — | — | — | — | — | (944,463) | (303,867) | (1,248,330) | ||||||||
| Net income (loss) | — | — | — | — | — | 9,516,626 | (482,139) | 9,034,487 | |||||||||
| BALANCE AS OF DECEMBER 31, 2023[1] | 63,388,823 | $6,339 | (146,650) | $(1,283,062) | $199,826,278 | $(34,726,135) | $108,373 | $138,283 | $164,070,076 | ||||||||
| Deferred transaction costs | — | — | — | — | (483,451) | 790,579 | — | — | 307,128 | ||||||||
| Warrant conversions | 595,844 | 60 | — | — | 6,852,146 | — | — | — | 6,852,206 | ||||||||
| Business acquisitions | 9,791,399 | 979 | — | — | 77,546,901 | — | — | — | 77,547,880 | ||||||||
| Common stock sale | 22,712,800 | 2,271 | — | — | 181,700,129 | — | — | — | 181,702,400 | ||||||||
| Common stock sale transaction costs | — | — | — | — | (14,812,621) | — | — | — | (14,812,621) | ||||||||
| Repurchase of common stock | — | — | (901,576) | (10,742,075) | — | — | — | — | (10,742,075) | ||||||||
| Stock-based compensation | 242,328 | 484 | — | — | 43,434,731 | — | — | — | 43,435,215 | ||||||||
| Other comprehensive loss | — | — | — | — | — | — | (119,452) | (39,127) | (158,579) | ||||||||
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | — | — | — | — | — | — | 11,079 | — | 11,079 | ||||||||
| Net loss | — | — | — | — | — | (23,961,050) | (956,987) | (24,918,037) | |||||||||
| BALANCE AS OF DECEMBER 31, 2024 | 96,731,194 | $10,133 | (1,048,226) | $(12,025,137) | $494,064,113 | $(57,896,606) | $— | $(857,831) | $423,294,672 | ||||||||
[1] Both the number of shares outstanding and their par value have been retrospectively recast for all prior periods presented to reflect the par value of the outstanding stock of Abacus Global Management, Inc. as a result of the successful Business Combination.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.