Use of Proceeds
We estimate that the net proceeds to us from the sale of shares of our Class A common stock in this offering will
be approximately $ , based upon the assumed initial public offering price of $ per share, which is the
midpoint of the estimated offering price range set forth on the cover page of this prospectus, and after
deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us,
or approximately $ if the underwriters’ option to purchase additional shares of our Class A common stock
from us is exercised in full. We will not receive any proceeds from the sale of shares of Class A common stock by
the selling stockholders.
Each $1.00 increase or decrease in the assumed initial public offering price of $ per share, which is the
midpoint of the estimated offering price range set forth on the cover page of this prospectus, would increase or
decrease, as applicable, the net proceeds that we receive from this offering by approximately $ , assuming
that the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same and
after deducting the estimated underwriting discounts and commissions and estimated offering expenses
payable by us. Similarly, each increase or decrease of 1.0 million in the number of shares of our Class A
common stock offered by us would increase or decrease, as applicable, the net proceeds that we receive from
this offering by approximately $ , assuming the assumed initial public offering price remains the same and
after deducting the estimated underwriting discounts and commissions and estimated offering expenses
payable by us.
The principal purposes of this offering are to increase our capitalization and financial flexibility, create a public
market for our Class A common stock, facilitate an orderly distribution of shares for the selling stockholders,
and enable access to the public equity markets for us and our stockholders.
We intend to use the net proceeds from this offering for general corporate purposes, including working capital,
operating expenses, and capital expenditures, including investments in compute and infrastructure, as well as
hiring and retention of highly skilled personnel. Additionally, we may use a portion of the net proceeds we
receive from this offering to acquire or invest in businesses, products, services, or technologies. However, we do
not have agreements or commitments for any material acquisitions or investments at this time.
We also intend to use a portion of the net proceeds we receive from this offering to satisfy our anticipated tax
withholding and remittance obligations of $ related to the RSU Settlement. This amount is based upon the
assumed initial public offering price of $ per share, which is the midpoint of the estimated offering price
range set forth on the cover page of this prospectus, and an assumed % tax withholding rate. Each $1.00
increase or decrease in the assumed initial public offering price of $ per share, which is the midpoint of
the estimated offering price range set forth on the cover page of this prospectus, would increase or decrease, as
applicable, the amount we would be required to pay to satisfy our tax withholding and remittance obligations
related to the RSU Settlement by $ .
We cannot further specify with certainty the particular uses of the net proceeds that we will receive from this
offering. Accordingly, we will have broad discretion in using these proceeds. Pending the use of proceeds from
this offering as described above, we may invest the net proceeds that we receive in this offering in short-term,
investment grade, interest-bearing instruments.