Registration of securities issued in business combination transactions

STOCKHOLDERS' EQUITY (Tables)

v3.21.2
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
RSU activity under the Plan

The activity for stock subject to vesting as of June 30, 2021 is as follows (shares in thousands):

Shares Subject 

    

Weighted-Average

    

to Vesting

    

 Purchase Price

Balance of unvested shares as of January 1, 2021

280

$0.0001

Issuance of additional shares

 

 

Vested

 

(112)

 

$0.0001

Balance of unvested shares as of June 30, 2021

 

168

 

$0.0001

The activity for stock subject to vesting for years ended December 31, 2020 and 2019, are as follows (shares in thousands):

Shares subject 

    

Weighted Average

    

to Vesting

    

 Purchase Price

Balance of unvested shares as of January 1, 2020

5,587

$0.0001

Issuance of additional shares

 

 

Vested

 

(5,307)

 

$0.001

Balance of unvested shares as of December 31, 2020

 

280

 

$0.001

Schedule of warrants-pricing model

Six Months Ended

June 30, 2020

Risk‑free interest rate

2.0

%

Expected volatility

52.5

%

Expected life (in years)

7.8

Expected dividend yield

Fair value of Common Stock

$

3.34

 
Schedule of Preferred Stock authorized, issued and outstanding  

    

Prior to Business Combination

Legacy Convertible Preferred Stock Classes

Shares Authorized, Issued and Outstanding

Preferred Stock

Series A Legacy Convertible Preferred Stock, $0.0001 par value

26,189,545

$

13,878

Series B Legacy Convertible Preferred Stock, $0.0001 par value

 

23,675,035

37,806

Series C Legacy Convertible Preferred Stock, $0.0001 par value

 

13,152,896

44,852

Series D Legacy Convertible Preferred Stock, $0.0001 par value

 

21,075,193

180,353

Series E Legacy Convertible Preferred Stock, $0.0001 par value

 

13,450,703

134,667

Series E‑1 Legacy Convertible Preferred Stock, $0.0001 par value

 

2,494,737

24,977

Total

100,038,109

$

436,533

Collaboration Agreement    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of warrants-pricing model  

Years Ended December 31, 

 

2020

    

2019

 

Risk‑free interest rate

2.0

%

2.0

%

Expected volatility

52.5

%

52.5

%

Expected life (in years)

8.0

8.0 – 8.8

Expected dividend yield

Fair value of Common Stock

$

3.34

$

3.34

Technical Technical Research and Development Advisor Services    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of warrants-pricing model  

Year Ended December 31, 

2020

    

Risk‑free interest rate

0.5

%

Expected volatility

52.5

%

Expected life (in years)

0.3

Expected dividend yield

Fair value of Common Stock

$

7.98

Private Placement Warrants    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of warrants-pricing model

Six Months Ended

June 30, 2021

Risk‑free interest rate

0.4% – 0.6

%

Expected volatility

55.0

%

Expected life (in years)

4.8

Expected dividend yield

Fair value of Common Stock

$

19.82 – 30.49

Exercise price

$

11.50

As of December 31, 2020

    

As of December 9, 2020

 

Risk‑free interest rate

0.4

%

0.4

%

Expected volatility

50.0

%

40.0

%

Expected life (in years)

4.9

5

Expected dividend yield

Fair value of Common Stock

$

17.20

$

24.77