{"url_path":"/sec/cik-0001416265/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sale of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1416265/0001416265-26-000027-index.html","accession_number":"0001416265-26-000027","cik":"0001416265","ticker":null,"issuer_name":"PROSPER MARKETPLACE, INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1416265/0001416265-26-000027-index.html","primary_entity_key":"0001416265","primary_entity_name":"PROSPER MARKETPLACE, INC"},"word_count":205,"has_tables":true,"body_markdown":"Item 2. Unregistered Sale of Equity Securities and Use of Proceeds\n\nPMI – On March 19, 2026, one warrant holder exercised 41,833,904 shares of Series F warrants for total proceeds of $0.4 million. The estimated fair value of these warrants as of the date of exercise, totaling $42.3 million, was reclassified from Convertible Preferred Stock Warrant Liability to Convertible Preferred Stock. On March 31, 2026, another warrant holder exercised all of the outstanding 35,544,141 shares of Series E-1 warrants at the exercise price of $0.01 per share for total proceeds of $0.4 million. The estimated fair value of these warrants as of the date of the exercise was approximately $38.7 million, which was reclassified from Convertible Preferred Stock Warrant Liability to Convertible Preferred Stock.\n\nPMI previously issued the Series E-1 Preferred Stock and Series F Convertible Preferred Stock in reliance on the exemption from the registration requirements set forth in Section 4(a)(2) of the Securities Act relative to sales by an issuer not involving any public offering.\n\nPFL – Information for this Item is not required for PFL because it meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q; PFL is therefore filing this Form with the reduced disclosure format."}