Redeemable Noncontrolling Interest (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Reverse Recapitalization, Ownership Summary

The following table summarizes the economic ownership of AON LLC, for the period beginning December 31, 2023 and ending September 30, 2024.


	Period beginning December 31, 2023 and ending September 30, 2024
	AON LLC Units
	AON Inc.		Legacy AON Shareholders		Total
Beginning of Period	13,330,051		28,109,796		41,439,847
Issuances	2,122,132		—		2,122,132
Repurchases	(126,728)		—		(126,728)
Redemptions	4,664,428		(4,664,428)		—
Total Units Issued	19,989,883		23,445,368		43,435,251
End of Period	19,989,883		23,445,368		43,435,251
Allocation of income to controlling and noncontrolling interests	46.0	%	54.0	%	100	%
Allocation of losses to controlling and noncontrolling interests (1)	36.3	%	63.7	%	100	%

(1) As discussed in Note 13, Series A Preferred Stock are considered participating securities for basic and diluted loss per share, but do not participate in losses. As a result, the consolidated net loss of AON LLC, during the period of January 1, 2024 through June 30, 2024, were allocated to the NCI to reflect the absorption of the Legacy AON Shareholders to a portion of the consolidated net loss of AON LLC. Net losses were not attributed to Series A Preferred Stock.