VIZIO Holding Corp. has completed a merger with Walmart Inc. and its subsidiary Vista Acquisition Corp., making VIZIO a wholly owned subsidiary of Walmart as of December 3, 2024. Shareholders of VIZIO’s Common Stock received $11.50 per share in cash. Vested options and restricted stock units of VIZIO were also cashed out. VIZIO has notified the New York Stock Exchange to suspend trading and delist its Class A Common Stock, with intentions to terminate its registration and reporting obligations under the Exchange Act. KPMG LLP has been dismissed as the independent accounting firm, with no disagreements on accounting matters, except a reported material weakness in 2022 that was resolved by 2023. The post-merger company control resulted in VIZIO directors resigning, with Seth Dallaire elected as the sole director. VIZIO's certificate of incorporation and bylaws have been amended and restated.
Proper Names for Clarity: - VIZIO Holding Corp. - Walmart Inc. - Vista Acquisition Corp. - KPMG LLP - Seth Dallaire - William Wang - David Russell - John Burbank - Julia Gouw - Vicky L. Free - Michael Mohan - New York Stock Exchange (NYSE)