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Shareholders’ Equity | 3 Months Ended
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Mar. 31, 2023
Stockholders' Equity Note [Abstract] |
Shareholders’ Equity |
10. | Shareholders’ Equity
Common and Preference Shares Authorized The Company is authorized to issue 1,000,000,000 shares as of March 31, 2023 and December 31, 2022, consisting of:
| (i) | 700,000,000 shares of Class A Common Stock with a par value of $0.0001 per share
| (ii) | 170,000,000 shares of Class C Common Stock with a par value of $0.0001 per share
| (iii) | 110,000,000 shares of Class D Common Stock with a par value of $0.0001 per share
| (iv) | 20,000,000 shares of preferred stock with a par value of $0.0001 per share
Issued and outstanding The following shares of common stock are issued and outstanding at:
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Number |  |  | Amount |  |  | Number |  |  | Amount |
Class A Common Stock |  |  | 111,467,763 |  |  | $ | 741,013 |  |  |  | 111,467,763 |  |  | $ | 741,013 |
Class C Common Stock |  |  | 167,662,214 |  |  |  | 16,766 |  |  |  | 167,662,214 |  |  |  | 16,766 |
Class D Common Stock |  |  | 105,782,403 |  |  |  | 10,578 |  |  |  | 105,782,403 |  |  |  | 10,578 |
Balance |  |  | 384,912,380 |  |  | $ | 768,357 |  |  |  | 384,912,380 |  |  | $ | 768,357 |
Certain shareholders are eligible to receive up to an aggregate of 78,376,354 additional shares of the Company’s Class A Common Stock if the closing price of the Company’s Class A Common Stock is greater than or equal to $15.00 and $17.50, respectively (with 50% released at each target, or if the latter target is reached first, 100%) for a period of 20 trading days during any 30 trading-day period. The term will expire September 16, 2027. If there is a change in control prior to September 16, 2027 resulting in a per share price equal to or in excess of the $15.00 and $17.50 share price milestones not previously met, then the Company shall issue the earnout shares to these shareholders. The shares are currently being held in escrow until the contingency is met.

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