Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.21.2
Equity (Tables)
9 Months Ended
Sep. 30, 2021
Class of Stock [Line Items]  
Summary of activity for warrants

    

    

Weighted

    

    

Average

Weighted

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

$

22,127,594

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

150,955,963

Issued

 

3,329,812

 

3.00

 

3.19

 

111,082,528

Exercised

 

(1,496,216)

 

 

(3.19)

 

(49,913,766)

Outstanding as of March 31, 2021

 

4,909,066

 

3.74

$

1.78

$

244,574,345

Issued

 

3,586,250

 

5.00

 

11.50

 

45,724,688

Outstanding as of June 30, 2021

 

8,495,316

 

4.09

$

6.63

$

42,385,824

Issued

2,863,637

3.00

12.08

4,858,637

Exercised

 

(1,834,740)

 

 

(3.19)

 

(17,498,538)

Forfeited

(218,423)

(1.53)

(1,500,566)

Outstanding as of September 30, 2021

 

9,305,790

 

3.87

$

9.09

$

17,770,340

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