Rush Street Interactive, Inc.
For the period ended Mar 31, 2025. Filed May 1, 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 1, 2025
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Item 1A. Risk Factors
There have been no material changes to the risk factors disclosed under the heading “Risk Factors” in our Annual Report.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
On October 24, 2024, our Board of Directors authorized the Stock Repurchase Program to repurchase up to an aggregate of $50 million of our Class A Common Stock through open market purchases, privately negotiated transactions or other transactions in accordance with applicable securities laws. Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors, including, without limitation, our working capital needs, our stock price and economic and market conditions. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The table below provides information with respect to repurchases of shares of our Class A Common Stock during the three months ended March 31, 2025 (amounts in thousands, except for share and per share amounts):
| Total Number of Shares Purchased(1) | Average Price Paid Per Share(2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs | |
|---|---|---|---|---|
| January 1 - January 31, 2025 | — | $— | — | $50,000 |
| February 1 - February 28, 2025 | — | $— | — | $50,000 |
| March 1 - March 31, 2025 | 498,622 | $10.35 | 498,622 | $44,839 |
| Total | 498,622 | $10.35 | 498,622 |
(1) The total number of shares purchased excludes any shares withheld to satisfy tax withholding obligations in connection with the vesting of employee restricted stock units.
(2) Average price paid per share includes broker commissions, but excludes excise tax.
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