Tailwind Two Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited)

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	Non-controlling Interest	Non-controlling Interest Previously Reported
Beginning balance at Dec. 31, 2020	$ (27,091)	$ (27,091)				$ 7		$ 7	$ 7,447	$ 7,454	$ (7)	$ (58,084)	$ (58,084)	$ (204)	$ (204)	$ 23,743	$ 23,743
Beginning balance, Shares at Dec. 31, 2020						67,297,473	2,439,634	64,857,839
Beginning balance at Dec. 31, 2020			$ 8,000	$ 8,000
Beginning balance, Shares at Dec. 31, 2020			10,947,686	396,870	10,550,816
Net loss	(86,364)											(86,364)
Other comprehensive income (loss), net of tax	86													86
Issuance of common stock in exchange for non-controlling interest, net of issuance costs	(432)					$ 1			23,310							$ (23,743)
Issuance of common stock in exchange for non-controlling interest, net of issuance costs, Shares						10,704,772
Issuance of warrants, net of issuance costs	66,060								66,060
Share-based compensation	354								354
Exercise of stock options	98								98
Exercise of stock options, Shares						411,377
Ending balance at Jun. 30, 2021	(47,289)					$ 8			97,269			(144,448)		(118)
Ending balance, Shares at Jun. 30, 2021						78,413,622
Ending balance at Jun. 30, 2021			$ 8,000
Ending balance, Shares at Jun. 30, 2021			10,947,686
Beginning balance at Mar. 31, 2021	(38,662)	(38,662)				$ 8		$ 8	97,004	97,012	(8)	(135,580)	(135,580)	(94)	(94)
Beginning balance, Shares at Mar. 31, 2021						78,166,597	2,833,656	75,332,941
Beginning balance at Mar. 31, 2021			$ 8,000	$ 8,000
Beginning balance, Shares at Mar. 31, 2021			10,947,686	396,870	10,550,816
Net loss	(8,868)											(8,868)
Other comprehensive income (loss), net of tax	(24)													(24)
Share-based compensation	186								186
Exercise of stock options	79								79
Exercise of stock options, Shares						247,025
Ending balance at Jun. 30, 2021	(47,289)					$ 8			97,269			(144,448)		(118)
Ending balance, Shares at Jun. 30, 2021						78,413,622
Ending balance at Jun. 30, 2021			$ 8,000
Ending balance, Shares at Jun. 30, 2021			10,947,686
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	$ 8,000
Beginning balance, Shares at Dec. 31, 2021			10,947,686	396,870	10,550,816
Net loss	(103,646)											(103,646)
Other comprehensive income (loss), net of tax	189													189
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	31,150								31,150
Settlement of vested restricted stock units, Shares						295,353
Exercise of stock options	146								146
Exercise of stock options, Shares						172,651
Other	(66)								(66)
Ending balance at Jun. 30, 2022	(52,534)					$ 14			248,133			(300,834)		153
Ending balance, Shares at Jun. 30, 2022						137,590,808
Ending balance at Jun. 30, 2022	0
Ending balance, Shares at Jun. 30, 2022			0
Beginning balance at Mar. 31, 2022	(34,151)					$ 14			234,384			(268,560)		11
Beginning balance, Shares at Mar. 31, 2022						137,295,455
Net loss	(32,274)											(32,274)
Other comprehensive income (loss), net of tax	142													142
Share-based compensation	13,815								13,815
Settlement of vested restricted stock units, Shares						295,353
Other	(66)								(66)
Ending balance at Jun. 30, 2022	(52,534)					$ 14			$ 248,133			$ (300,834)		$ 153
Ending balance, Shares at Jun. 30, 2022						137,590,808
Ending balance at Jun. 30, 2022	$ 0
Ending balance, Shares at Jun. 30, 2022			0