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Common Stock
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Common Stock

Note 10. Common Stock

 

In connection with the Company’s IPO in July 2021, the Company’s certificate of incorporation was amended and restated to provide for 200,000,000 authorized shares of common stock with a par value of $0.001 per share and 10,000,000 authorized shares of preferred stock with a par value of $0.001 per share. The holders of common stock were also entitled to receive dividends whenever funds are legally available, when and if declared by the board of directors. As of September 30, 2021, no dividends have been declared to date. Each share of common stock is entitled to one vote.

At September 30, 2021 and December 31, 2020, the Company had reserved common stock for future issuances as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Conversion of Series A redeemable convertible preferred stock

 

 

 

 

 

7,608,688

 

Conversion of Series B redeemable convertible preferred stock

 

 

 

 

 

2,419,242

 

Conversion of Series C redeemable convertible preferred stock and warrants

 

 

 

 

 

4,744,742

 

Conversion of Series D redeemable convertible preferred stock

 

 

 

 

 

4,895,636

 

Conversion of Series E redeemable convertible preferred stock

 

 

 

 

 

3,799,694

 

Conversion of Series F redeemable convertible preferred stock and warrants

 

 

 

 

 

2,725,430

 

Exercise of options under stock plan

 

 

5,252,969

 

 

 

3,137,776

 

Issuance of options and restricted stock units under stock plan

 

 

5,331,595

 

 

 

451,670

 

Issuance of common stock under employee stock purchase plan

 

 

850,000

 

 

 

 

 

 

 

11,434,564

 

 

 

29,782,878