Cricut, inc. declares special cash dividend of $1.00 per share

South jordan, utah, may 22, 2023 (globe newswire) -- cricut, inc. (nasdaq: crct) (“cricut,” the “company” or “we”) today announced that the board of directors, through its audit committee, has declared a special, one-time cash dividend of $1.00 per share to holders of the company's class a and class b common stock. the dividend is payable on july 17, 2023, to stockholders of record at the close of business on july 3, 2023. the aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $234 million. in addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the company's equity incentive documents. the dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock units.
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