AvePoint Inc
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Item 5. Other Information
Rule10b5-1 Plan Election
On* December 18, 2024,Brian Michael Brown, our Chief Legal and Compliance Officer, and Secretary, adopted a Rule10b5*-1 trading arrangement, as defined in Item408 of Regulation S-K, providing for the sale from time to time of an aggregate of up to 240,000 shares of common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule10b5-1(c). The duration of the trading arrangement is until* December 18, 2025,*or earlier if all transactions under the trading arrangement are completed.
Subsequent Events
The following material subsequent event occurred since the date of the most recent balance sheet period reported.
At the end of* March 2025,the Company offered to purchase all of the remaining outstanding interest of MaivenPoint from the remaining minority interest holders for an aggregate total of approximately$11.6* million in cash. As of the end of* April,all minority interest holders accepted the Company’s offer subject to acceptable terms and conditions to be drafted in a shareholder purchase agreement in May 2025.*Following the acquisition of the interest, the Company will be the sole interest holder in MaivenPoint.
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