Solo Brands Simplifies Structure and Eliminates Up-C Model
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Solo Brands Inc. announced a corporate simplification initiative to establish a single class of common stock and eliminate its Up-C structure. This reorganization is expected to reduce future cash tax payments by $10 million over five years and save $0.5 million annually in compliance and financial reporting costs. The changes will also limit liability under the company's Tax Receivable Agreement. Solo Brands owns lifestyle brands like Solo Stove, Chubbies, Isle, and Oru.
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