Quarterly report pursuant to Section 13 or 15(d)

Equity and Warrants (Tables)

v3.21.2
Equity and Warrants (Tables)
9 Months Ended
Sep. 30, 2021
Equity and Warrants  
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.