HOUSE_OVERSIGHT_024547.jpg
1.44 MB
Extraction Summary
0
People
3
Organizations
0
Locations
2
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial report / corporate due diligence (congressional oversight file)
File Size:
1.44 MB
Summary
This document is a page from a financial report detailing the equity structure and revenue recognition policies of 'k12' (likely K12 Inc.). It specifically highlights the significant investment position of 'KUE' (Knowledge Universe Education), noting that KUE owns roughly 40% of Series C Preferred Stock and holds a 17.9% fully-diluted ownership stake in the company. The document carries a House Oversight stamp, indicating it is part of a congressional investigation.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| k12 |
The educational company whose revenue recognition and equity structure is being analyzed.
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|
| KUE |
Knowledge Universe Education; owns significant percentages of k12 Preferred Stock (40% of Series C, 7.5% of Series B).
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| House Oversight |
Implied by the footer stamp 'HOUSE_OVERSIGHT'.
|
Key Quotes (3)
"KUE owns approximately 40.0% of the outstanding Series C Preferred Stock."Source
HOUSE_OVERSIGHT_024547.jpg
Quote #1
"on an as-if-converted, fully-diluted basis KUE owns approximately 17.9% of k12's Common Stock."Source
HOUSE_OVERSIGHT_024547.jpg
Quote #2
"The Series C Preferred Stock has a dividend rate of 10% per annum, compounded annually"Source
HOUSE_OVERSIGHT_024547.jpg
Quote #3
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