General form of registration statement for all companies including face-amount certificate companies

Initial Public Offering (Tables)

v3.22.2.2
Initial Public Offering (Tables)
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2021
Class of Stock [Line Items]        
Schedule of Reconciliation of Class A Ordinary shares reflected in the Condensed Balance Sheets  
The Company’s outstanding convertible preferred stock consisted of the following as of December 31,
2021
(in thousands, except share and per share data):
 
 
  
Original

Issue Price
 
  
Shares

Authorized
 
  
Shares

Outstanding
 
  
Net Carrying

Value
 
  
Liquidation

Preference
 
Series Seed
    $ 0.5245        9,693,116        9,693,115      $ 3,943      $ 5,084  
Series A
      0.5245        14,130,360        14,069,657        5,240        7,379  
Series B
      1.2450        12,689,363        12,563,418        15,545        15,642  
Series C
      2.4144        15,635,550        15,324,913        36,917        37,000  
Series
C-1
      3.1669        8,554,106        8,554,106        27,003        27,090  
Series D
      7.0135        20,196,682        19,961,423        136,618        140,000  
Series
D-1
      9.0731        5,314,209        5,314,209        48,146        48,216  
Series
D-2
      6.1850        14,551,371        14,551,370        89,638        90,000  
Series E
      8.4672        14,762,823        14,762,823        124,868        125,000  
             
 
 
     
 
 
     
 
 
     
 
 
  
Total
               115,527,580        114,795,034      $ 487,918      $ 495,411  
             
 
 
     
 
 
     
 
 
     
 
 
  
 
 
The Company’s outstanding convertible preferred stock consisted of the following as of December 31, 2020 and 2021 (in thousands, except share data):
 
 
  
Original
Issue
Price
 
  
Shares
Authorized
 
  
Shares
Outstanding
 
  
Net Carrying
Value
 
  
Liquidation
Preference
 
Series Seed
    $ 0.5245        9,693,116        9,693,115      $ 3,943      $ 5,084  
Series A
      0.5245        14,130,360        14,069,657        5,240        7,379  
Series B
      1.2450        12,689,363        12,563,418        15,545        15,642  
Series C
      2.4144        15,635,550        15,324,913        36,917        37,000  
Series
C-1
      3.1669        8,554,106        8,554,106        27,003        27,090  
Series D
      7.0135        20,196,682        19,961,423        136,618        140,000  
Series
D-1
      9.0731        5,314,209        5,314,209        48,146        48,216  
Series
D-2
      6.1850        14,551,371        14,551,370        89,638        90,000  
Series E
      8.4672        14,762,823        14,762,823        124,868        125,000  
             
 
 
     
 
 
     
 
 
     
 
 
  
Total
               115,527,580        114,795,034      $ 487,918      $ 495,411  
             
 
 
     
 
 
     
 
 
     
 
 
  
Virgin Group Acquisition Corp. II [Member]        
Class of Stock [Line Items]        
Schedule of Reconciliation of Class A Ordinary shares reflected in the Condensed Balance Sheets
As of March 31, 2022 and December 31, 2021, the ordinary shares reflected on the balance sheet are reconciled in the following table:
 
Gross proceeds from IPO
    $ 402,500,000  
Less:
         
Proceeds allocated to Public Warrants
      (10,101,143 ) 
Ordinary share issuance costs
      (22,162,529 ) 
Plus:
         
Accretion of carrying value to redemption value
      32,263,672  
    
 
 
  
Contingently redeemable ordinary shares
   
$
402,500,000
 
    
 
 
  
 
As of December 31, 2021, the ordinary shares reflected on the balance sheet are reconciled in the following table:
 
Gross proceeds from IPO
    $ 402,500,000  
Less:
         
Proceeds allocated to Public Warrants
      (10,101,143 ) 
Ordinary share issuance costs
      (22,162,529 ) 
Plus:
         
Accretion of carrying value to redemption value
      32,263,672  
Contingently redeemable ordinary shares
    $
402,500,000