Equity (Tables)

9 Months Ended

Sep. 30, 2024

The following table summarizes the changes to AON LLC’s Class A, Class A-1, and Class B Units for the three and nine months ended September 30, 2023.


in thousands, except for share and per share amounts	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Class A Units, value
Beginning of Period	$	7,725	$	7,725
Issuance of Units	—		—
Impact of the Reverse Recapitalization	(7,725)		(7,725)
End of Period	$	—	$	—

Class A Units, units
Beginning of Period	19,495,376		19,495,376
Issuance of Units	—		—
Impact of the Reverse Recapitalization	(19,495,376)		(19,495,376)
End of Period	—		—

Class A-1 Units, value
Beginning of Period	$	31,040	$	28,500
Issuance of Units	7,185		9,725
Impact of the Reverse Recapitalization	(38,225)		(38,225)
Impact of Derivative liability on Class A-1 anti-dilution feature	—		—
End of Period	$	—	$	—

Class A-1 Units, units
Beginning of Period	2,281,696		1,842,520
Issuance of Units	718,549		1,157,725
Impact of the Reverse Recapitalization	(3,000,245)		(3,000,245)
Distribution	—		—
End of Period	—		—

Class B Units, value
Beginning of Period	$	80	$	80
Equity based compensation	10		10
Impact of the Reverse Recapitalization	(90)		(90)
End of Period	$	—	$	—

Class B Units, units
Beginning of Period	4,703,628		4,703,628
Units Vested	910,548		910,548
Impact of the Reverse Recapitalization	(5,614,176)		(5,614,176)
End of Period	—		—