Proposed Maximum Aggregate Value of Transaction |
Fee Rate |
Amount of Filing Fee |
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| $ | (1)(2) |
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$ | (3) | ||||||||
| $ | |
$ | (5) | |||||||||
Total Transaction Valuation |
$ | (1) (4) |
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Total Fees Due for Filing |
$ | |||||||||||
Total Fees Previously Paid |
$ | |||||||||||
Total Fee Offsets |
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Net Fee Due |
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| (1) | Aggregate number of securities to which transaction applies: As of the close of business on September 30, 2024, the maximum number of securities of the Company to which this transaction applies is estimated to be 267,603,711, an increase in the estimated maximum number of securities of the Company to which this transaction applies of an additional 72,562 securities from the June 30, 2024 estimate, which consists of: |
| (a) | 215,887,997 (an increase of 1,262,246 from June 30, 2024) issued and outstanding shares of Class A common stock, par value $0.00001 per shares, of the Company (“Company Class A Common Stock”) entitled to receive the per share merger consideration of $27.50 (which excludes any Rollover Shares and Excluded Shares); |
| (b) | 26,645,258 (a decrease of 277,928 from June 30, 2024) issued and outstanding common units (“OpCo Membership Interests”) of Endeavor Operating Company, LLC (“OpCo”) entitled to receive the per unit merger consideration of $27.50 minus any amounts that are distributed with respect to an OpCo Membership Interest in respect of the distributions contemplated by the restructuring transactions (“OpCo Merger Consideration”) (which excludes any Rollover Units and Excluded OpCo Membership Interests); |
| (c) | 724,465 (no change from June 30, 2024) issued and outstanding profits units (“OpCo Profits Unit”) of OpCo entitled to receive the per unit merger consideration of the OpCo Merger Consideration less the “strike price” of such OpCo Profits Unit (which excludes any Rollover Units); |
| (d) | 20,139,974 (a decrease of 911,741 from June 30, 2024) issued and outstanding common units (“Manager Membership Interest”) of Endeavor Manager, LLC (“Manager”) entitled to receive the per unit merger consideration of $27.50 (which excludes any Excluded Manager Membership Interests); |
| (e) | 91,973 (an increase of 52,253 from June 30, 2024) shares of Company Class A Common Stock underlying outstanding Vested Company RSUs and Vested Company PSUs, which are entitled to receive the per share merger consideration of $27.50; |
| (f) | 3,619,337 (a decrease of 36,330 from June 30, 2024) shares of Company Class A Common Stock underlying outstanding Vested Company Options to purchase shares of Company Class A Common Stock, which are entitled to receive the per share merger consideration of $27.50 minus the applicable exercise price; and |
| (g) | 494,707 (a decrease of 15,938 from June 30, 2024) issued and outstanding phantom units of the Company (“Phantom Unit”) entitled to receive the per unit merger consideration of $27.50 less any Deferred Phantom Unit Payment. |
| (2) | In accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the proposed maximum aggregate value of the transaction estimated solely for the purposes of calculating the filing fee was calculated, as of September 30, 2024, based on the sum of: |
| (a) | the product of 1,262,246 shares of Company Class A Common Stock and the per share merger consideration of $27.50; minus |
| (b) | the product of 277,928 units of OpCo Membership Interest and $27.50 (which is the difference between the per unit merger consideration of $27.50 and the amount to be distributed with respect to each OpCo Membership Interest of $0.00); minus |
| (c) | the product of 0 units of OpCo Profits Unit Interest and approximately $6.27 (which is the per unit merger consideration of $27.50 less the amount to be distributed with respect to each OpCo Membership Interest of $0.00 and less the weighted average strike price of approximately $21.23 per unit); minus |
| (d) | the product of 911,741 units of Manager Membership Interest and the per unit merger consideration of $27.50; plus |
| (e) | the product of 52,253 shares of Company Class A Common Stock underlying outstanding Vested Company RSUs and Vested Company PSUs and the per share merger consideration of $27.50; minus |
| (f) | the product of 36,330 shares of Company Class A Common Stock underlying outstanding Vested Company Options and approximately $2.39 (which is the difference between the per share merger consideration of $27.50 and the weighted average exercise price of approximately $25.11 per share); minus |
| (g) | the product of 15,938 units of Phantom Units and $27.50 (which is the difference between the per unit merger consideration of $27.50 and the Deferred Phantom Unit Payment of $0.00 per unit). |
| (3) | In accordance with Section 14(g) of the Exchange Act and Rule 0-11 under the Exchange Act, the filing fee was determined by multiplying the sum calculated in the preceding sentence by 0.00015310. |
| (4) | In accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the proposed maximum aggregate value of the transaction estimated solely for the purposes of calculating the filing fee was calculated, as of September 30, 2024, based on the sum of: |
| (a) | the product of 215,887,997 shares of Company Class A Common Stock and the per share merger consideration of $27.50; |
| (b) | the product of 26,645,258 units of OpCo Membership Interest and $27.50 (which is the difference between the per unit merger consideration of $27.50 and the amount to be distributed with respect to each OpCo Membership Interest of $0.00); |
| (c) | the product of 724,465 units of OpCo Profits Unit Interest and approximately $6.27 (which is the per unit merger consideration of $27.50 less the amount to be distributed with respect to each OpCo Membership Interest of $0.00 and less the weighted average strike price of approximately $21.23 per unit); |
| (d) | the product of 20,139,974 units of M anager Membership Interest and the per unit merger consideration of $27.50; |
| (e) | the product of 91,973 shares of Company Class A Common Stock underlying outstanding Vested Company RSUs and Vested Company PSUs and the per share merger consideration of $27.50; |
| (f) | the product of 3,619,337 shares of Company Class A Common Stock underlying outstanding Vested Company Options and approximately $2.39 (which is the difference between the per share merger consideration of $27.50 and the weighted average exercise price of approximately $25.11 per share); and |
| (g) | the product of 494,707 units of Phantom Units and $27.50 (which is the difference between the per unit merger consideration of $27.50 and the Deferred Phantom Unit Payment of $0.00 per unit). |
| (5) | Endeavor Group Holdings, Inc. previously paid $1,070,092.69 upon the filing of its preliminary information statement on Schedule 14C on August 5, 2024, in connection with the transaction reported hereby. |