Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Convertible Preferred Stock, Contingently Redeemable Convertible Common Stock and Stockholders??? Equity (Deficit)

v3.24.1
Consolidated Statements of Convertible Preferred Stock, Contingently Redeemable Convertible Common Stock and Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
ELOC Agreement
HGI Subscription Agreement
Structural Debt Facility
Previously Reported
Convertible Preferred Stock
Convertible Preferred Stock
Previously Reported
Convertible Preferred Stock
Revision of Prior Period, Adjustment
Contingently Redeemable Convertible Common Stock
Common Stock
Common Stock
ELOC Agreement
Common Stock
HGI Subscription Agreement
Common Stock
Structural Debt Facility
Common Stock
Previously Reported
Common Stock
Revision of Prior Period, Adjustment
Additional Paid-In Capital
Additional Paid-In Capital
ELOC Agreement
Additional Paid-In Capital
HGI Subscription Agreement
Additional Paid-In Capital
Structural Debt Facility
Additional Paid-In Capital
Previously Reported
Accumulated Deficit
Accumulated Deficit
Previously Reported
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity, balances at ending of period [1]           $ 487,918 $ 487,918                              
Temporary equity, balances at beginning of period (in shares) at Dec. 31, 2020 [1]           22,959,000 114,795,000 91,836,000                            
Temporary equity, balances at ending of period (in shares) at Dec. 31, 2021 [1]           22,959,000                                
Balances at beginning of period (in shares) at Dec. 31, 2020 [1]                   1,694,000       8,468,000 6,774,000              
Balances at beginning of period at Dec. 31, 2020 $ (339,641)       $ (339,641)                 $ 0 [1]   $ 14,606       $ 14,606 $ (354,247) $ (354,247)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Issuance of common stock warrants 1,622                             1,622            
Issuance of common stock for services (in shares) [1]                   2,000                        
Issuance of common stock for services 49                             49            
Issuance of common stock upon exercise of stock options (in shares) [1]                   152,000                        
Issuance of common stock upon exercise of stock options 1,051                             1,051            
Issuance of common stock upon exercise of warrants (in shares) [1]                   57,000                        
Issuance of common stock upon exercise of warrants 150                             150            
Repurchase of early exercised options (in shares) [1]                   (31,000)                        
Vesting of early exercise of options 1,577                             1,577            
Stock-based compensation 14,809                             14,809            
Net loss (135,896)                                       (135,896)  
Balances at ending of period (in shares) at Dec. 31, 2021 [1]                   1,874,000                        
Balances at ending of period at Dec. 31, 2021 $ (456,279)                 $ 0 [1]           33,864         (490,143)  
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity, balances at ending of period [1]           $ 487,918                                
Issuance of preferred stock and common stock upon exercise of warrants (in shares) [1]           34,000                                
Issuance of preferred stock and common stock upon exercise of warrants [1]           $ 989                                
Issuance of convertible common stock (in shares) [1]                 550,000                          
Issuance of convertible common stock [1]                 $ 27,473                          
Convertible preferred stock and contingently redeemable common stock conversion (in shares) [1]           (22,993,000)     (550,000)                          
Convertible preferred stock and contingently redeemable common stock conversion [1]           $ (488,907)     $ (27,473)                          
Temporary equity, balances at ending of period (in shares) at Dec. 31, 2022 0         0 [2]     0 [2]                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Issuance of preferred stock and common stock upon exercise of warrants (in shares) [1]                   41,000                        
Issuance of preferred stock and common stock upon exercise of warrants $ 24                             24            
Issuance of common stock warrants 2,182                             2,182            
Convertible preferred stock and contingently redeemable common stock conversion (in shares) [1]                   23,640,000                        
Convertible preferred stock and contingently redeemable common stock conversion 516,380                 $ 2 [1]           516,378            
Issuance of common stock in connection with Business Combination, net of $17.5 million in transaction costs (in shares) [1]                   4,184,000                        
Issuance of common stock in connection with Business Combination, net of $17.5 million in transaction costs 79,553                 $ 1 [1]           79,552            
Additional Shares liability, Earn-Out liability and Public and Private Placement Warrants recognized upon Business Combination (93,196)                             (93,196)            
Issuance of Earn-Out Shares (in shares) [2]                   2,800,000                        
Issuance of Earn-Out Shares 1                             1            
Issuance of shares to settle Backstop Additional Shares Liability (in shares) [2]                   655,000                        
Issuance of shares to settle Backstop Additional Shares Liability 16,310                             16,310            
Issuance of Class A common stock issued to employees, net of withholding taxes (in shares) [2]                   6,000                        
Issuance of Class A common stock issued to employees, net of withholding taxes (96)                             (96)            
Issuance of common stock upon exercise of stock options (in shares) [2]                   66,000                        
Issuance of common stock upon exercise of stock options 381                             381            
Repurchase of early exercised options (in shares) [2]                   (3,000)                        
Issuance of shares (in shares) [2]                     148,000 397,000 990,000                  
Issuance of shares   $ 2,407 $ 2,500 $ 1,073                 $ 1 [2]       $ 2,407 $ 2,500 $ 1,072      
Vesting of early exercise of options 125                             125            
Issuance of common stock upon settlement of restricted stock units, net of tax withholdings (in shares) [2]                   773,000                        
Issuance of common stock upon settlement of restricted stock units, net of tax withholdings (2,294)                             (2,294)            
Stock-based compensation 45,177                             45,177            
Net loss (87,715)                                       (87,715)  
Balances at ending of period (in shares) at Dec. 31, 2022 [2]                   35,571,000                        
Balances at ending of period at Dec. 31, 2022 26,533                 $ 4 [2]           604,387         (577,858)  
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity, balances at ending of period $ 0         $ 0 [2]     $ 0 [2]                          
Issuance of Series A redeemable convertible preferred stock, net of issuance costs (in shares) 10,000                                          
Issuance of Series A redeemable convertible preferred stock, net of issuance costs $ 9,044                                          
Accretion on Series A redeemable convertible preferred stock $ 956                                          
Temporary equity, balances at ending of period (in shares) at Dec. 31, 2023 10,000                                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Issuance of common stock warrants $ 644                             644            
Issuance of shares to settle Backstop Additional Shares Liability (in shares)                   714,000                        
Issuance of shares to settle Backstop Additional Shares Liability $ 1,407                             1,407            
Issuance of common stock upon exercise of stock options (in shares) 37,334                 38,000                        
Issuance of common stock upon exercise of stock options $ 71                             71            
Accretion on Series A redeemable convertible preferred stock (956)                             (956)            
Shares issued in connection with the Employee Stock Purchase Plan (in shares)                   263,000                        
Shares issued in connection with the Employee Stock Purchase Plan $ 482                             482            
Cancellation of Earn-Out Shares (in shares) (197,284)                 (197,000)                        
Reduction in Transaction Costs $ 9,609                             9,609            
Short swing payment 11                             11            
Issuance of common stock upon settlement of restricted stock units, net of tax witholdings (in shares)                   1,519,000                        
Issuance of common stock upon settlement of restricted stock units, net of tax withholdings (2,153)                             (2,153)            
Stock-based compensation 15,706                             15,706            
Net loss (43,232)                                       (43,232)  
Balances at ending of period (in shares) at Dec. 31, 2023                   37,908,000                        
Balances at ending of period at Dec. 31, 2023 8,122                 $ 4           $ 629,208         $ (621,090)  
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity, balances at ending of period $ 10,000                                          
[1] The shares of the Company’s common, convertible preferred stock and contingently redeemable convertible common stock prior to the Closing of the Business Combination (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 1.1760 established in the Merger Agreement as described in Note 3.
[2] The shares of the Company’s common, convertible preferred stock and contingently redeemable convertible common stock prior to the Closing of the Business Combination (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 1.1760 established in the Merger Agreement as described in Note 3.