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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Summary of Element of the Net Proceeds of Business Combination | The following table summarizes the elements of the net proceeds from the Business Combination at the date of acquisition (in thousands):
Cash—Trust Account (net of redemptions of $439 million) | $ | 260,448 |
Cash | 60 |
Cash—PIPE & Backstop Financing | 243,000 |
Non-cash net assets assumed from Artius | 40 |
Less: Fair value of assumed common stock warrants | (83,370) |
Less: Underwriting fees and other issuance costs paid prior to the date of acquisition | (34,773) |
Additional Paid-in-Capital from Business Combination, net of issuance costs paid | $ | 385,405 |
Less: Non-cash net assets assumed from Artius | (40) |
Add: Non-cash fair value of assumed common stock warrants | 83,370 |
Add: Other issuance costs included in accounts payable and accrued liabilities | 761 |
Less: Accrued liabilities extinguished through proceeds from Business Combination | (1,966) |
Cash proceeds from the Business Combination | $ | 467,530 |
Summary of Number Shares of Common Stock Outstanding | The following table summarizes the number of shares of Common Stock outstanding immediately following the consummation of the Business Combination:
Artius shares outstanding prior to the Business Combination, including 4,500,000 Sponsor Vesting Shares | 90,562,500
Less: redemption of Artius shares | (43,880,956) |
Shares issued pursuant to the PIPE and Backstop Financing | 24,300,001
Business Combination and PIPE Financing shares, including 4,500,000 Sponsor Vesting Shares | 70,981,545
Conversion of Legacy Origin Series A preferred stock for common stock | 33,783,099
Conversion of Legacy Origin Series B preferred stock for common stock | 19,755,784
Conversion of Legacy Origin Series C preferred stock for common stock | 6,286,349
Conversion of Legacy Origin convertible notes for common stock | 2,049,212
Conversion of Legacy Origin common stock for common stock | 2,838,041
Issuance of common stock upon exercise of warrants | 5,554,440
Total shares of the Company common stock outstanding immediately following the Business Combination | 141,248,470

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- Definition Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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