Knight_AR_2001
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Dark Days Bright Knight Products Bright Future CEO's Letter Financials
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Notes to Consolidated Statements
Report of Independent Accountants
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NOTE 2: REORGANIZATION, PUBLIC STOCK OFFERINGS AND STOCK SPLIT

On February 25, 1999, the Company sold 20,700,000 shares of Class A Common Stock at a price to the public of $17.50 per share. Of those shares, 4,849,440 were sold by Knight/Trimark, generating net offering proceeds, after deducting underwriting discounts and commissions and offering expenses, of approximately $80.2 million. An additional 15,850,560 shares were sold by selling shareholders.

In April 1999, the Company’s Board of Directors approved a two-for-one stock split of the Company’s Class A and Class B Common Stock. Shareholders of record as of the close of business on April 30, 1999 received, in the form of a stock dividend, one additional share for each share held by them. On May 14, 1999, the transfer agent distributed the additional shares. All share and per share amounts presented in this document have been adjusted to reflect the stock split.

In connection with the Merger, the Company issued 10,505,001 shares of Class A Common Stock to the former shareholders of Arbitrade.