KinderCare Learning Companies Files S-1

Ticker: KLC · Form: S-1 · Filed: Sep 6, 2024 · CIK: 1873529

Sentiment: neutral

Topics: ipo-filing, sec-filing, child-care

TL;DR

KinderCare just filed an S-1, get ready for some action.

AI Summary

KinderCare Learning Companies, Inc. filed an S-1 registration statement on September 6, 2024, indicating plans to offer securities. The company, headquartered in Lake Oswego, Oregon, is involved in child day care services. This filing is a standard step for companies preparing to go public or issue new securities.

Why It Matters

This S-1 filing signals KinderCare's intention to raise capital or undergo a significant corporate event, potentially impacting its stock and the broader child care industry.

Risk Assessment

Risk Level: medium — S-1 filings are preliminary and can indicate significant corporate changes, but the specific risks are not detailed in this initial filing.

Key Players & Entities

FAQ

What is the purpose of this S-1 filing for KinderCare Learning Companies, Inc.?

The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public, indicating potential for an IPO or other capital-raising activities.

When was this S-1 filing submitted to the SEC?

The S-1 filing was submitted to the SEC on September 6, 2024.

Where is KinderCare Learning Companies, Inc. headquartered?

KinderCare Learning Companies, Inc. is headquartered at 5005 Meadows Road, Lake Oswego, OR 97035.

Who is listed as the Chief Executive Officer of KinderCare Learning Companies, Inc. in this filing?

Paul Thompson is listed as the Chief Executive Officer of KinderCare Learning Companies, Inc.

What is the primary business of KinderCare Learning Companies, Inc. according to the SIC code?

According to the Standard Industrial Classification (SIC) code 8351, the primary business of KinderCare Learning Companies, Inc. is Services-Child Day Care Services.

Filing Stats: 4,563 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-09-06 15:57:44

Key Financial Figures

Filing Documents

Underwriting

Underwriting Discounts and Commissions (1) Proceeds to KinderCare Learning Companies, Inc. Per Share $ $ $ Total $ $ $ (1) See Underwriting (Conflicts of Interest) for additional information regarding underwriting compensation. Neither the Securities and Exchange Commission (the SEC) nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. Delivery of the shares of our common stock will be made on or about , 2024. ( Listed in alphabetical order ) Goldman Sachs & Co. LLC Morgan Stanley Barclays J.P. Morgan UBS Investment Bank Baird BMO Capital Markets Deutsche Bank Securities Macquarie Capital Loop Capital Markets Ramirez & Co., Inc. R. Seelaus & Co., LLC Prospectus dated , 2024 Table of Contents KINDERCARE LEARNING COMPANIES TM Confidence for Life. Table of Contents TABLE OF CONTENTS Page ABOUT THIS PROSPECTUS ii MARKET AND INDUSTRY DATA ii MANAGEMENT ESTIMATES ii BASIS OF PRESENTATION ii CERTAIN TRADEMARKS iv NON-GAAP FINANCIAL MEASURES v PROSPECTUS SUMMARY 1

RISK FACTORS

RISK FACTORS 23 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 49

USE OF PROCEEDS

USE OF PROCEEDS 51 DIVIDEND POLICY 52 CAPITALIZATION 53

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 58 OUR BUSINESS 88 MANAGEMENT 119 COMPENSATION DISCUSSION AND ANALYSIS 125 PRINCIPAL STOCKHOLDERS 151 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 154

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 158 DESCRIPTION OF CERTAIN INDEBTEDNESS 164 SHARES ELIGIBLE FOR FUTURE SALE 166 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES FOR NON-U.S. HOLDERS OF OUR COMMON STOCK 168 CERTAIN ERISA CONSIDERATIONS 173 UNDERWRITING (CONFLICTS OF INTEREST) 174 LEGAL MATTERS 184 EXPERTS 184 CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 184 WHERE YOU CAN FIND MORE INFORMATION 185 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 i Table of Contents ABOUT THIS PROSPECTUS You should rely only on the information included elsewhere in this prospectus and any free writing prospectus prepared by or on behalf of us that we have referred to you. Neither we nor the underwriters have authorized anyone to provide you with additional information or information different from that included elsewhere in this prospectus or in any free writing prospectus prepared by or on behalf of us that we have referred to you. If anyone provides you with additional, different or inconsistent information, you should not rely on it. Offers to sell, and solicitations of offers to buy, shares of our common stock are being made only in jurisdictions where offers and sales are permitted. No action is being taken in any jurisdiction outside the United States to permit a public offering of shares of our common stock or possession or distribution of this prospectus in that jurisdiction. Persons who come into possession of this prospectus in jurisdictions outside the United States are required to inform themselves about and to observe any restriction as to this offering and the distribution of this prospectus applicable to those jurisdictions. MARKET AND INDUSTRY DATA This prospectus includes estimates regarding market and industry data that we prepared based on our managements knowledge and experience in the markets in which we operate, together with information obtained from various sources, including publicly available informati

View Full Filing

View this S-1 filing on SEC EDGAR

View on Read The Filing