Post-effective amendment to a registration statement that is not immediately effective upon filing

Equity (Tables)

v3.22.1
Equity (Tables)
12 Months Ended
Dec. 31, 2021
Class of Stock [Line Items]  
Summary of activity for warrants

The following table provides the activity for all warrants for the respective periods.

    

    

Weighted 

    

    

Average 

Weighted 

(in thousands)

Remaining 

Average 

Aggregate

Total Warrants

    

Term

    

Exercise Price

    

Intrinsic Value

Outstanding as of December 31, 2020 (as previously reported)

620,055

11.08

$

14.61

$

22,128

Retroactive application of reverse recapitalization (Note 4)

2,455,415

(13.53)

Outstanding as of December 31, 2020, effect of Merger (Note 4)

3,075,470

4.34

1.09

150,956

Issued

 

6,193,449

 

1.90

 

4.62

 

115,941

Assumed

 

3,586,250

 

5.00

11.50

45,725

Exercised

(3,330,956)

(3.19)

(67,412)

Forfeited

 

(218,423)

 

 

(1.53)

 

(1,501)

Outstanding as of December 31, 2021

 

9,305,790

 

3.62

9.09

4,942

Substitute Warrants  
Class of Stock [Line Items]  
Schedule of Assumptions

    

Original Warrants

    

Substitute Warrants

 

Strike price

 

$7.58 – $15.84

$1.53 – $3.19

Volatility rate

 

80.0%

 

80.0%

Risk-free rate

 

0.03% – 0.32%

 

0.03% – 0.32%

Expected term

 

0.57 – 4.42

 

0.57 – 4.42

Dividend yield