XML 27 R15.htm IDEA: XBRL DOCUMENT v3.22.2
Common Stock
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Common Stock Common Stock
On June 9, 2021, the Business Combination (as defined in Note 1 and further described in Note 3) was consummated and the Company issued 38,721,137 shares for an aggregate purchase price of $327.3 million, net of issuance costs of $8.1 million. Immediately following the Business Combination, there were 124,045,255 shares of Common Stock outstanding. The holder of each share of Common Stock is entitled to one vote.
The Company has retroactively adjusted the shares issued and outstanding prior to June 9, 2021 to give effect to the exchange ratio established in the Business Combination Agreement to determine the number of shares of Common Stock into which they were converted.
In June 2021, pursuant to the Business Combination, the Company amended its certificate of incorporation to increase the number of authorized common stock shares to 1,000,000,000 shares. There were 124,562,745 shares issued and outstanding as of June 30, 2022.
Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance on an as-if converted basis, were as follows:
June 30,
2022		December 31,
2021
Stock options issued and outstanding11,650,794 8,550,076 
Shares available for grant under 2021 Equity Incentive Plan17,384,590 14,481,463 
Shares available for grant under 2021 Employee Stock Purchase Plan
2,439,577 1,244,900 
Total shares of common stock reserved31,474,961 24,276,439