Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited)

v3.23.3
Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Previously Reported
Redeemable Convertible Preferred Stock
Redeemable Convertible Preferred Stock
Previously Reported
Redeemable Convertible Preferred Stock
Retroactive Application of Reverse Capitalization
Common Stock
Common Stock
Previously Reported
Common Stock
Retroactive Application of Reverse Capitalization
Additional Paid-in Capital
Additional Paid-in Capital
Previously Reported
Additional Paid-in Capital
Retroactive Application of Reverse Capitalization
Accumulated Deficit
Accumulated Deficit
Previously Reported
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Previously Reported
Beginning balance at Dec. 31, 2021 $ (99,357) $ (99,357)       $ 8   $ 8 $ 97,737 $ 97,745 $ (8) $ (197,066) $ (197,066) $ (36) $ (36)
Beginning balance (ASU 2016-13) at Dec. 31, 2021 (122)                     (122)      
Beginning balance, Shares at Dec. 31, 2021           78,601,283 2,849,414 75,751,869              
Beginning balance at Dec. 31, 2021     $ 8,000 $ 8,000                      
Beginning balance, Shares at Dec. 31, 2021     10,947,686 396,870 10,550,816                    
Net loss (131,001)                     (131,001)      
Other comprehensive income (loss), net of tax 327                         327  
Issuance of common stock under the Committed Equity Facility, shares           637,487                  
Issuance of common stock under the Committed Equity Facility 2,795               2,795            
Conversion of redeemable convertible preferred stock into common stock 8,000         $ 1     7,999            
Conversion of redeemable convertible preferred stock into common stock, Shares           10,947,686                  
Conversion of redeemable convertible preferred stock into common stock     $ (8,000)                        
Conversion of redeemable convertible preferred stock into common stock, Shares     (10,947,686)                        
Net settlement of liability-classified warrants into common stock 7,616               7,616            
Net settlement of liability-classified warrants into common stock, Shares           694,873                  
Net settlement of equity-classified warrants into common stock           $ 2     (2)            
Net settlement of equity-classified warrants into common stock, Shares           22,343,698                  
Issuance of common stock in connection with the Tailwind Two Merger and PIPE Investment, net of issuance costs 6,928         $ 2     6,926            
Issuance of common stock in connection with the Tailwind Two Merger and PIPE Investment, net of issuance costs, Shares           16,114,695                  
Issuance of common stock in connection with financing transactions, net of issuance costs 40,734         $ 1     40,733            
Issuance of common stock in connection with financing transactions, net of issuance costs, Shares           4,325,000                  
Reclassification of liability-classified warrants and derivatives to equity-classified 11,007               11,007            
Issuance of contingently issuable common stock 44,887               44,887            
Issuance of contingently issuable common stock, Shares           4,095,569                  
Share-based compensation 40,354               40,354            
Settlement of vested restricted stock units, Shares           1,932,541                  
Exercise of stock options 269               269            
Exercise of stock options, Shares           269,824                  
Other (41)               (41)            
Ending balance at Sep. 30, 2022 (67,604)         $ 14     260,280     (328,189)   291  
Ending balance, Shares at Sep. 30, 2022           139,962,656                  
Beginning balance at Jun. 30, 2022 (52,534)         $ 14     248,133     (300,834)   153  
Beginning balance, Shares at Jun. 30, 2022           137,590,808                  
Net loss (27,355)                     (27,355)      
Other comprehensive income (loss), net of tax 138                         138  
Issuance of common stock under the Committed Equity Facility, shares           637,487                  
Issuance of common stock under the Committed Equity Facility 2,795               2,795            
Share-based compensation 9,204               9,204            
Settlement of vested restricted stock units, Shares           1,637,188                  
Exercise of stock options 123               123            
Exercise of stock options, Shares           97,173                  
Other 25               25            
Ending balance at Sep. 30, 2022 (67,604)         $ 14     260,280     (328,189)   291  
Ending balance, Shares at Sep. 30, 2022           139,962,656                  
Beginning balance at Dec. 31, 2022 (91,421)         $ 14     269,574     (361,168)   159  
Beginning balance, Shares at Dec. 31, 2022           142,503,771                  
Net loss (109,004)                     (109,004)      
Other comprehensive income (loss), net of tax 14                         14  
Issuance of common stock, net of issuance costs 19,461         $ 3     19,458            
Issuance of common stock, net of issuance costs, Shares           27,678,575                  
Issuance of warrants, net of issuance costs 44,182               44,182            
Share-based compensation 17,529               17,529            
Settlement of vested restricted stock units, Shares           4,023,001                  
Exercise of equity-classified warrants 2         $ 2                  
Exercise of equity-classified warrants, Shares           13,000,000                  
Exercise of stock options 460               460            
Exercise of stock options, Shares           611,921                  
Ending balance at Sep. 30, 2023 (118,777)         $ 19     351,203     (470,172)   173  
Ending balance, Shares at Sep. 30, 2023           187,817,268                  
Beginning balance at Jun. 30, 2023 (125,719)         $ 17     317,871     (443,743)   136  
Beginning balance, Shares at Jun. 30, 2023           165,189,534                  
Net loss (26,429)                     (26,429)      
Other comprehensive income (loss), net of tax 37                         37  
Issuance of common stock, net of issuance costs 8,735         $ 1     8,734            
Issuance of common stock, net of issuance costs, Shares           11,678,575                  
Issuance of warrants, net of issuance costs 20,784               20,784            
Share-based compensation 3,774               3,774            
Settlement of vested restricted stock units, Shares           1,872,782                  
Exercise of equity-classified warrants 1         $ 1                  
Exercise of equity-classified warrants, Shares           9,035,000                  
Exercise of stock options 40               40            
Exercise of stock options, Shares           41,377                  
Ending balance at Sep. 30, 2023 $ (118,777)         $ 19     $ 351,203     $ (470,172)   $ 173  
Ending balance, Shares at Sep. 30, 2023           187,817,268