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Midas Edge

Westrock Coffee Co

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

View on SEC.gov

About this filing

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.

Sep 30, 2024 · Filed Nov 7, 2024

WEST$8.88+1.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Statements of Shareholders’ Equity (Deficit)

​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Other · ​ · ​ · ​
​ · ​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Comprehensive · ​ · Total
(Thousands) · Shares · Amount · Paid-in Capital · Deficit · Income (Loss) · Equity (Deficit)
Balance at June 30, 2023​75,728​$757​$348,714​$(359,194)​$(4,539)​$(14,262)
Net income (loss)​—​​—​​—​​16,621​​—​​16,621
Issuance of common shares, net of issuance costs​11,877​​119​​117,648​​—​​—​​117,767
Issuance of common shares related to stock options exercised​82​​1​​785​​—​​—​​786
Issuance of common shares related to conversion of Series A Convertible Preferred Shares​54​​—​​627​​—​​—​​627
Accretion of Series A Convertible Preferred Shares​—​​—​​93​​—​​—​​93
Other comprehensive income (loss)​—​​—​​—​​—​​3,242​​3,242
Equity-based compensation​298​​3​​2,436​​—​​—​​2,439
Net share settlement of equity awards​—​​—​​(1,136)​​—​​—​​(1,136)
Balance at September 30, 2023​88,039​$880​$469,167​$(342,573)​$(1,297)​$126,177
​​​​​​​​​​​​​​​​​​
Balance at June 30, 2024​88,366​$884​$476,795​$(404,056)​$7,905​$81,528
Net income (loss)​—​​—​​—​​(14,259)​​—​​(14,259)
Issuance of common shares related to warrant exchange​5,424​​54​​36,884​​—​​—​​36,938
Issuance of common shares related to conversion of Series A Convertible Preferred Shares​1​​—​​16​​—​​—​​16
Accretion of Series A Convertible Preferred Shares​—​​—​​88​​—​​—​​88
Other comprehensive income (loss)​—​​—​​—​​—​​3,884​​3,884
Equity-based compensation​282​​3​​3,025​​—​​—​​3,028
Net share settlement of equity awards​—​​—​​(883)​​—​​—​​(883)
Balance at September 30, 2024​94,073​$941​$515,925​$(418,315)​$11,789​$110,340

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

(Unaudited) (continued)

​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Comprehensive · ​ · Non-Controlling · ​ · Total
(Thousands) · Shares · Amount · Paid-in Capital · Deficit · Income (Loss) · Interest · Equity (Deficit)
Balance at December 31, 2022​75,020​$750​$342,664​$(328,042)​$(6,103)​$2,460​$11,729
Net income (loss)​—​​—​​—​​(14,531)​​—​​15​​(14,516)
Issuance of common shares related to acquisitions​40​​—​​446​​—​​—​​—​​446
Issuance of common shares related to Public Warrant exercise​229​​2​​3,142​​—​​—​​—​​3,144
Issuance of common shares related to stock options exercised​88​​1​​847​​—​​—​​—​​848
Issuance of common shares related to conversion of Series A Convertible Preferred Shares​76​​1​​881​​—​​—​​—​​882
Issuance of common shares related to purchase of non-controlling interest​100​​1​​474​​—​​—​​(2,475)​​(2,000)
Issuance of common shares, net of issuance costs​11,877​​119​​117,648​​—​​—​​—​​117,767
Accretion of Series A Convertible Preferred Shares​—​​—​​(249)​​—​​—​​—​​(249)
Other comprehensive income (loss)​—​​—​​—​​—​​4,806​​—​​4,806
Equity-based compensation​609​​6​​6,291​​—​​—​​—​​6,297
Net share settlement of equity awards​—​​—​​(2,977)​​—​​—​​—​​(2,977)
Balance at September 30, 2023​88,039​$880​$469,167​$(342,573)​$(1,297)​$—​$126,177
​​​​​​​​​​​​​​​​​​​​​
Balance at December 31, 2023​88,051​​880​​471,666​​(362,624)​​3,818​​—​​113,740
Net income (loss)​—​​—​​—​​(55,691)​​—​​—​​(55,691)
Issuance of common shares related to "at-the-market" offering program, net of issuance costs​60​​1​​624​​—​​—​​—​​625
Issuance of common shares related to stock options exercised​1​​—​​12​​—​​—​​—​​12
Issuance of common shares related to warrant exchange​5,424​​54​​36,884​​—​​—​​—​​36,938
Issuance of common shares related to conversion of Series A Convertible Preferred Shares​1​​—​​16​​—​​—​​—​​16
Accretion of Series A Convertible Preferred Shares​—​​—​​262​​—​​—​​—​​262
Other comprehensive income (loss)​—​​—​​—​​—​​7,971​​—​​7,971
Equity-based compensation​536​​6​​8,502​​—​​—​​—​​8,508
Net share settlement of equity awards​—​​—​​(2,041)​​—​​—​​—​​(2,041)
Balance at September 30, 2024​94,073​$941​$515,925​$(418,315)​$11,789​$—​$110,340
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.