ADDED
As of March 10, 2026, the registrant had 55,444,604 shares of Class A common stock outstanding and 91,276 shares of Class B common stock outstanding.
ACON Sale refers to the sale by ACON and certain of its affiliates to TCG of an aggregate of 12,520,559 shares of our Class A common stock, $0.0001 par value per share ("Class A common stock") pursuant to a Stock Purchase Agreement, dated as of May 3, 2022, by and among ACON, certain affiliates of ACON and TCG.
All statements contained in this Annual Report on Form 10-K other than statements of historical fact, including statements regarding our future operating results and financial position, the expected impact of general economic and market conditions, including the imposition of tariffs and the uncertainty over U.S.
Some of the factors that could materially and adversely affect our business, financial condition, results of operations or prospects include, but are not limited to, the following: We are subject to risks related to the retail industry including, but not limited to, potential negative impacts of global and regional economic downturns, changes in retail practices, and our ability to maintain and further develop relationships with our retail customers and distributors.
There can be no assurance that we will be successful in identifying or completing any strategic alternative, that any such strategic alternative will result in additional value for our stockholders or that the process will not have an adverse impact on our business.
We are subject to risks related to the operation of our business, including, but not limited to, our ability to execute our business strategy, manage our growth and our inventories, and attract and retain qualified personnel.
We are building out our sports, music, video game and content creator fandoms and diversifying our offering with personalized products, such as Pop!
As a result, consumers are participating in the story of these properties via social media platforms and conventions, such as Comic-Con and Anime Expo, rather than being solely consumers of content.
In 2025, we had license agreements with over 250 content providers covering approximately 800 active licensed properties.
Additionally, the portion of our sales related to evergreen properties for the years ended December 31, 2025, 2024 and 2023 was approximately 69%, 73%, and 67%, respectively.
REMOVED
As of March 11, 2025, the registrant had 53,887,267 shares of Class A common stock outstanding and 647,833 shares of Class B common stock outstanding.
ACON Sale refers to the sale by ACON and certain of its affiliates to TCG of an aggregate of 12,520,559 shares of our Class A common stock pursuant to a Stock Purchase Agreement, dated as of May 3, 2022, by and among ACON, certain affiliates of ACON and TCG.
Some of the factors that could materially and adversely affect our business, financial condition, results of operations or prospects include, but are not limited to, the following: We are subject to risks related to the operation of our business, including, but not limited to, our ability to execute our business strategy, manage our growth and our inventories, and attract and retain qualified personnel.
We are subject to risks related to the retail industry including, but not limited to, potential negative impacts of global and regional economic downturns, changes in retail practices, and our ability to maintain and further develop relationships with our retail customers and distributors.
We are building out our sports, music and video game fandoms and diversifying our offering with personalized products, such as Pop!
Although recent strikes by the Writers Guild of America and the Screen Actors Guild have interrupted content creation, content providers have continued to invest in new high-quality original content.
As a result, consumers are participating in the story of these properties via social media platforms and conventions, such as Comic-Con, Anime Expo and Star Wars Celebration, rather than being solely consumers of content.
In 2024, we had license agreements with over 250 content providers covering approximately 930 active licensed properties.
Additionally, the portion of our sales related to evergreen properties for the years ended December 31, 2024, 2023 and 2022 was approximately 73%, 67%, and 64%, respectively.
Vinyl, as well as other branded lines such as Soda, Bitty Pop!, and Pop!