How many Del Taco shares were outstanding as of March 8, 2022?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
(CONTINUED)
Purchase consideration — The following summarizes the purchase consideration paid to Del Taco shareholders (in thousands, except per share data):
| Del Taco shares outstanding as of March 8, 2022 | 36,442 |
|---|---|
| Del Taco RSAs subject to accelerated vesting | 805 |
| Del Taco RSUs subject to accelerated vesting | 70 |
| Del Taco options subject to accelerated vesting | 292 |
| Total Del Taco shares outstanding | 37,610 |
| Merger Consideration (per Del Taco share) | $ 12.51 |
| Total cash consideration paid to selling shareholders | $ 470,500 |
| Del Taco transaction costs paid by Jack in the Box (1) | 7,141 |
| Del Taco closing in |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, as of March 8, 2022, there were 36,442 Del Taco shares outstanding. Additionally, there were 805 Del Taco Restricted Stock Awards (RSAs) subject to accelerated vesting, 70 Del Taco Restricted Stock Units (RSUs) subject to accelerated vesting, and 292 Del Taco options subject to accelerated vesting. The total number of Del Taco shares outstanding, including those subject to accelerated vesting, was 37,610.
On March 8, 2022, Jack in the Box acquired Del Taco. Each share of Del Taco common stock was converted into the right to receive $12.51 in cash. The total cash consideration paid to selling shareholders was $470,500 (in thousands). Jack in the Box also paid $7,141 (in thousands) in Del Taco transaction costs and settled $115,219 (in thousands) of Del Taco's closing indebtedness.
The total aggregate purchase consideration for Del Taco was $593,309 (in thousands). This included the cash paid for the shares, settlement of debt, and transaction costs. Understanding the share structure and acquisition details can provide insight into the financial transactions and valuation of Del Taco at the time of its acquisition by Jack in the Box.