Windward Studios Stock and QSBS After PDFTron Acquisition

Denver, Colorado-based startup Windward Studios was acquired by the internationally leading provider of document technology solutions for software developers, PDFTron, on April 8, 2021. According to Crunchbase, the leading document generation software designer, Windward, was founded by David Thielen in 1996. Any individual owning stock purchased or received directly from Windward Studios stock could be eligible for the QSBS 100% capital gains tax exclusion or the Section 1045 gain rollover. (Source: PR Newswire)

One factor we are sure of is the Company was incorporated in 1996; therefore, if you are a stockholder you could qualify for 50%, 75%, or 100% in tax savings. Check out a few other details we have already hashed out for you below:

Corporation:  Windward Studios

Description:  Windward is an industry-leading data-powered doc gen platform for Enterprises, OEM/ISVs, & System Integrators. Create visually dynamic smart documents that look precisely the way you want without the painful hassle and long timelines of other approaches. (Source: LinkedIn

Incorporation Date:  Incorporated on March 6, 1996 as a C Corporation in Colorado, which is a qualified legal entity for QSBS

Liquidation event details (date, type, etc.): Windward Studios was acquired by PDFTron on April 8, 2021 for an undisclosed price. 

QSBS Potential:  The Company is a technology-based security platform for e-commerce companies, which is a qualified QSBS industry. The Company was founded after 1993; therefore employees and early investors could qualify for the 50%, 75%, or 100% QSBS exclusions. It is unknown when the Company went or if they ever went over the $50 million asset test. There is a strong likelihood that any stock issued in 2012 or later could qualify for QSBS, assuming no redemptions and the Company meets the active test.

If you obtained shares in Windward Studios in 1996 or later, please contact us to evaluate your potential QSBS eligibility.

Why is QSBS important?

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.

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