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Redeemable Convertible Preferred Stock
 9 Months Ended
Sep. 30, 2021
Redeemable Convertible Preferred Stock [Abstract]  
Redeemable Convertible Preferred Stock

Note 7. Redeemable Convertible Preferred Stock

The Company has the following redeemable convertible preferred stock issued and outstanding at December 31, 2020 (in thousands, except share and per share data):

 

 

 

Shares Authorized

 

 

Shares Issued and Outstanding

 

 

Original Issuance Price

 

 

Liquidation Amount

 

 

Issuance Costs

 

 

Carrying Value

 

Series A

 

 

3,804,344

 

 

 

3,804,344

 

 

$

1.38

 

 

$

5,250

 

 

$

9

 

 

$

5,241

 

Series B

 

 

1,209,621

 

 

 

1,209,621

 

 

$

5.79

 

 

 

7,000

 

 

 

106

 

 

 

6,894

 

Series C

 

 

2,372,371

 

 

 

2,342,857

 

 

$

9.49

 

 

 

22,226

 

 

 

208

 

 

 

22,018

 

Series D

 

 

2,507,720

 

 

 

2,447,818

 

 

$

12.56

 

 

 

30,750

 

 

 

647

 

 

 

30,103

 

Series E

 

 

1,921,902

 

 

 

1,899,847

 

 

$

15.87

 

 

 

30,150

 

 

 

106

 

 

 

30,044

 

Series F

 

 

2,425,432

 

 

 

1,062,715

 

 

$

21.88

 

 

 

23,250

 

 

 

219

 

 

 

23,031

 

 

 

 

14,241,390

 

 

 

12,767,202

 

 

 

 

 

$

118,626

 

 

$

1,295

 

 

$

117,331

 

 

Immediately prior to the closing of the IPO, all then-outstanding shares of redeemable convertible preferred stock were converted into 25,534,404 shares of common stock, resulting in the reclassification of the related redeemable convertible preferred stock of $117.3 million to common stock and APIC. There was no redeemable convertible preferred stock outstanding as of September 30, 2021.