As of December 31, 2021, how many shares of Benihana common stock were outstanding?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
ockholders per share | $ 0.93 | $ | (0.44) | | | | - Diluted | | | | | |
For the years ended December 31, 2021 and 2020, stock options, warrants and restricted share units totaling 0.4 million and 1.4 million, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share.
Note 11 – Stockholders' Equity
Common Stock
The Company is authorized by its amended and restated certificate of incorporation to issue up to 75.0 million shares of common stock, par value $0.0001 per share. As of December 31, 2021 and 2020, there are 32.1 million and 29.1 million shares of common stock outstanding, respectively.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, as of December 31, 2021, there were 32.1 million shares of Benihana common stock outstanding. The company is authorized to issue up to 75.0 million shares of common stock with a par value of $0.0001 per share.
This information is relevant to potential franchisees as it provides insight into the company's equity structure and the number of shares currently in circulation. Understanding the share structure can be useful in assessing the financial stability and potential for future growth of Benihana.
Additionally, the document notes that for the years ended December 31, 2021, stock options, warrants, and restricted share units totaling 0.4 million were considered anti-dilutive and excluded from the calculation of diluted earnings per share. This indicates that these potential shares would not have a significant impact on the earnings per share calculation.