| Summary of fully diluted capital structure |
The following table summarizes our fully diluted capital structure at September 30, 2021:
|
|
|
Issued and outstanding common shares |
|
93,232,999 |
Earnout common shares (Note 1 and Note 9) |
|
4,099,999 |
Total common shares issued and outstanding |
|
97,332,998 |
Common shares reserved for future issuance: |
|
|
Public warrants |
|
— |
Private warrants |
|
1,821,951 |
Common stock options outstanding - 2012 Equity Plan |
|
5,131,615 |
Restricted stock units (Note 9) |
|
984,135 |
2020 Equity Plan pool reserved for future issuance (Note 9) |
|
10,015,157 |
Convertible senior notes, due 2026(1) |
|
16,998,130 |
Total shares of common stock outstanding and reserved for future issuance |
|
132,283,986 |
| (1) |
In connection with the September 16, 2021 issuance of the 2026 Notes, the Company used a portion of the proceeds to pay for the capped call transactions, which are expected to generally reduce the potential dilution to the Company’s common stock. The capped call transactions impact the number of shares that may be issued by effectively increasing the conversion price for the Company from $25 per share to approximately $37.74 per share, which would result in 11,261,261 potentially dilutive shares instead of the shares reported in this table.
|
|