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Spin-Off Transaction
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Spin-Off Transaction Spin-Off Transaction
On August 31, 2023, in order to more directly incentivize the key employees of the Company’s subsidiary, Aarki, Inc. (“Aarki”), the Company made the determination to allow certain key employees of Aarki to receive equity awards in Aarki. In connection with the spin-off transaction, the Company provided Aarki $5.0 million to fund its operations in exchange for Series A Preferred Stock of Aarki. In December 2024, the Company provided Aarki an additional $5.0 million to fund its operations in exchange for Series B Preferred Stock of Aarki. Both the Series A and Series B funding transactions were eliminated in consolidation and were used to provide working capital to Aarki. Subsequent to the funding of Series B, on a fully diluted basis, the awards would represent 17.6% of the ownership of Aarki, which, as of December 31, 2024 and 2023, 13.4% and 0.0% of the awards had been granted, respectively. Vested and exercised awards constituted an immaterial non-controlling interest in Aarki. The Company does not intend to grant future Skillz equity awards to Aarki employees.

In connection with the foregoing, Aarki is also being designated as an unrestricted subsidiary under the indenture governing the Company’s 10.25% Secured Notes due 2026.