Quarterly report pursuant to Section 13 or 15(d)

Redeemable Convertible Preferred Stock and Related Warrants and Option

v3.22.1
Redeemable Convertible Preferred Stock and Related Warrants and Option
3 Months Ended
Mar. 31, 2022
Temporary Equity Disclosure [Abstract]  
Redeemable Convertible Preferred Stock and Related Warrants and Option Redeemable Convertible Preferred Stock and Related Warrants and Option
Upon the closing of the IPO, all 42,778,408 shares of the Company’s then-outstanding redeemable convertible preferred stock, including the option to purchase 1,935,789 shares which was exercised in April 2021, automatically converted on a one-to-one basis to shares of Class B common stock.

Preferred Stock Warrants

On September 24, 2021, after the closing of the IPO, the warrants to purchase 411,624 shares of preferred stock, all related to the Company’s debt, were exercised in a cashless exercise for a net amount of 344,085 shares of Class B common stock.