How many shares of Benihana common stock were outstanding as of December 31, 2021?
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 C
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 help franchisees assess the financial stability and potential for growth of Benihana.
The FDD also notes that the company had warrants to purchase shares of common stock outstanding as of December 31, 2021. Additionally, the company's Board of Directors authorized a stock purchase program in September 2022, indicating a strategy to manage its outstanding shares. These factors can influence the overall value and performance of the company, which may indirectly affect franchisees.