How many units of Amerispec Inspection Services were outstanding as of December 31, 2024?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
| Number of Units | Performance Vesting Units Weighted Average Fair Value per Unit at Grant Date | |
|---|---|---|
| Units outstanding at March 31, 2023 | - | $ - |
| Granted | 1,000 | 60.67 |
| Exercised | - | - |
| Cancelled or Forfeited | - | - |
| Units outstanding at December 31, 2023 | 1,000 | $ 60.67 |
| Granted | - | - |
| Exercised | - | - |
| Cancelled or Forfeited | - | - |
| Units outstanding at December 31, 2024 | 1,000 | $ 60.67 |
| Number of Units | Number of Vested Units | Weighted Average Fair Value per Unit at Grant Date | |
|---|---|---|---|
| Units outstanding at March 31, 2023 | - | - | $ - |
| Granted | 1,000 | - | 479.68 |
| Exercised | - | - | - |
| Cancelled or Forfeited | - | - | - |
| Units outstanding at December 31, 2023 | 1,000 | - | $ 479.68 |
| Granted | - | - | - |
| Exercised | - | - | - |
| Cancelled or Forfeited | - | - | - |
| Units outstanding at December 31, 2024 | 1,000 | - | $ 479.68 |
Note 11. Members' Equity
The Company is a limited liability company with two classes of units, Class A and Class B. As of December 31, 2024 and 2023, the Company had issued and outstanding 29,669 and 29,200 Class A Units, respectively. Each Class A Unit has one voting right and all distributions will be made pro rata commensurate with each members' ownership interest. Class B Units issued with the equity incentive plan are nonvoting.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the number of units outstanding as of December 31, 2024, was 1,000. These units are further described as performance vesting units. The weighted average fair value per unit at the grant date was $60.67.
Additionally, the document states that there were 1,000 units outstanding at December 31, 2024. These are described as units with a weighted average fair value per unit at the grant date of $479.68. These units are distinct from the previously mentioned units as they also specify that the number of vested units is zero.
It is important to note that these figures pertain to the Equity Incentive Plan and the issuance of Units (profits interest units) and other equity awards, not necessarily the number of franchise locations. The document also mentions that as of December 31, 2024, the company had 29,669 Class A Units issued and outstanding. These Class A Units have one voting right, and all distributions will be made pro rata commensurate with each member's ownership interest. Class B Units issued with the equity incentive plan are nonvoting.