How many common units of Aplus were there on December 31, 2022?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| Number of common units at December 31, 2021 | 83,670,950 |
|---|---|
| Phantom unit vesting | 383,815 |
| Number of common units at December 31, 2022 | 84,054,765 |
| Phantom unit vesting | 353,249 |
| Number of common units at December 31, 2023 | 84,408,014 |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the number of common units at December 31, 2022, was 84,054,765. This figure represents the total number of common units issued and outstanding for Aplus as of that date.
This information is relevant to prospective franchisees as it provides insight into the equity structure of Aplus. The number of common units can be an indicator of the company's capitalization and ownership distribution. Understanding the number of units outstanding can help potential investors assess the value and potential dilution of their investment.
Furthermore, the FDD also lists the number of common units at December 31, 2021, and December 31, 2023, which were 83,670,950 and 84,408,014, respectively. This allows for a year-over-year comparison of the change in the number of common units. The FDD also mentions phantom unit vesting, which were 383,815 and 353,249 at December 31, 2021, and December 31, 2022, respectively. Phantom units are a form of equity compensation that may affect the overall equity structure and should be considered when evaluating the company's financial health.