Actua Corporation's Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Actua Corporation's Stockholder's Equity

Actua Corporation's Stockholders' Equity

Holders of Actua’s common stock are entitled to one vote per share and are entitled to dividends and distributions as declared. No cash dividends have been declared to date. However, Actua made a cash distribution of approximately $476.0 million to its stockholders in February 2018 as a result of the Transactions and may make future cash distributions to stockholders as a result of the wind down process. Any future distribution will be subject to approval by Actua's Board.

Actua may establish one or more classes or series of preferred stock. The holders of the preferred stock may be entitled to preferences over common stockholders with respect to dividends, liquidation, dissolution, or winding up of Actua, as established by Actua’s Board. As of December 31, 2017 and 2016, 10,000,000 shares of preferred stock were authorized; none of these shares have been issued, and Actua does not intend to issue any of those shares in the foreseeable future.