Risk Factors Update Summary
- Increase in commissions and fees from $125 to $500 for arranging financing, impacting revenue.
- Cantor and CFGM increased their ownership from 21,285 to 26,921 exchangeable limited partnership units.
- Cumulative 525 basis point increase in federal funds rate to 5.25% to 5.50%.
- Cantor's voting power increased from 61.4% to 76.1% due to the exchange of units.
- Potential impact of Brexit on U.K.-EU services flow remains unknown, affecting market access.
- Cantor's control over Real Estate LP increased from 73% to 100%.
- Increase in uncommitted loan funding from $800 million to $400 million, affecting capital availability.
- The company issued an additional 1,672,176 shares of Class A common stock.
- Change from 6% to 7% Senior Notes, impacting potential repurchase obligations upon change of control.
- Employee misconduct risks highlighted, emphasizing potential financial losses, legal liability, and reputational harm.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1690680&owner=exclude
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