What was the total number of shares for Del Taco on September 29, 2024?
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, Del Taco had 36,442 shares outstanding. Additionally, there were 805 Del Taco Restricted Stock Awards (RSAs) and 70 Del Taco Restricted Stock Units (RSUs) subject to accelerated vesting, along with 292 Del Taco options subject to accelerated vesting. This brought the total Del Taco shares outstanding to 37,610. However, the document does not explicitly state the total number of shares outstanding as of September 29, 2024.
While the FDD provides figures related to share activity and equity compensation plans, it does not offer a direct statement of the total shares outstanding on the specific date of September 29, 2024. Instead, it presents data from March 8, 2022, which was the date Jack in the Box acquired Del Taco. The document includes details about stock awards, restricted stock units, and options subject to accelerated vesting at that time.
To obtain the precise number of shares outstanding for Del Taco as of September 29, 2024, a prospective franchisee should directly request this information from Del Taco's management or investor relations department. Understanding the share structure and any changes since the acquisition date is crucial for assessing the financial health and equity ownership of the company.