E2open(ETWO) - 2025 Q1 - Quarterly Report

Stock and Equity Information - As of May 31, 2024, the company had 3,372,184 shares of Series B-2 common stock outstanding, which will convert to Class A Common Stock if the 20-day VWAP reaches at least $15.00 per share[116] - Unvested performance-based options totaled 3,922,079 with an unrecognized compensation cost of$10.6 million as of May 31, 2024[167] - Unvested performance-based RSUs totaled 3,981,528 with an unrecognized compensation cost of $68.1 million as of May 31, 2024[169] - Series 2 RCUs outstanding were 2,627,724 as of May 31, 2024, vesting upon meeting specific stock price or change of control conditions[142] - Common Units held by participants of E2open Holdings totaled 30.9 million as of May 31, 2024[158] Financial Liabilities and Debt - Outstanding 2021 Term Loan was$1,064.5 million as of May 31, 2024, with an interest rate of 8.94% based on SOFR plus 350 basis points[140] - Available borrowing capacity under the 2021 Revolving Credit Facility was $155.0 million as of May 31, 2024[140] - The adjusted SOFR Rate for a one-month interest rate loan is SOFR plus 0.11448$215.2 million in February 2024 to $188.8 million in May 2024, with$90.9 million recognized during the three months ended May 31, 2024[129] - Revenue from remaining performance obligations was $869.6 million as of May 31, 2024, expected to be recognized within the next five years[153] - Total revenue for the Americas was$128.6 million in 2024, a decrease from $135.5 million in 2023[152] Assets and Liabilities - The fair value of asset-backed securities increased from$207,000 in February 2024 to $208,000 in May 2024[119][120] - The fair value of contingent consideration increased from$18,028,000 in February 2024 to $20,308,000 in May 2024[120][121] - The company's total accounts payable and accrued liabilities decreased from$90,594,000 in February 2024 to $85,112,000 in May 2024[135] - The company's warrant liability decreased from$14,713,000 in February 2024 to $10,952,000 in May 2024[120] - The company's total assets increased from$2,083,000 in February 2024 to $2,514,000 in May 2024[120] - The company's total liabilities decreased from$83,739,000 in February 2024 to $86,253,000 in May 2024[120] Tax and Compensation - The company's Tax Receivable Agreement liability under ASC 805 increased by$4.0 million during the three months ended May 31, 2024[137] - Capitalized sales commissions totaled $22.5 million as of May 31, 2024, included in prepaid expenses and other current assets[154] Dividends - The company has not paid any dividends and does not expect to pay dividends in the future[117]