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"text": "\n\nAs of June 30, 2026, the CVRs associated with the closing of the UDF IV Merger were valued at approximately $21.8\nmillion or $1.71 per CVR.",
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"text": "\n\nIn addition, the fair value of certain contingent consideration in connection with mergers and acquisitions was determined using a Monte Carlo simulation model which considers various potential results based on Level 3 inputs, including management's latest estimates of future operating results. Fair value measurements of the contingent consideration liability are sensitive to changes in assumptions related to earnings before tax, discount rate and risk-free rate of return.",
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"text": "\n\nThe final purchase price allocation associated with the closing of the Mosaic Mergers valued the contingent equity rights at approximately $25.0 million or $0.83 per contingent equity right. On March 17, 2025, the contingent equity rights expired with an aggregate consideration of zero.",
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"text": "\n\nIn certain cases, the inputs used to measure fair value may be categorized into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment.",
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"text": "\n\n(1) Money market funds are included in cash and cash equivalents on the consolidated balance sheets\n(2) Asset is included in other assets on the consolidated balance sheets\n(3) Preferred equity investment held through consolidated joint ventures is included in assets of consolidated VIEs on the consolidated balance sheets",
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