General form of registration statement for all companies including face-amount certificate companies

Redeemable Convertible Preferred Stock (Tables)

v3.21.2
Redeemable Convertible Preferred Stock (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Temporary Equity Disclosure [Abstract]    
Summary of Redeemable Convertible Preferred Stock
Redeemable convertible preferred stock as of June 30, 2021 and December 31, 2020, consisted of the following (in thousands, except share and per share amounts):
 
    
June 30, 2021
 
    
Shares

Authorized
    
Share Issued

and

Outstanding
    
Original

Issue Price
    
Aggregate

Liquidation

Preference
    
Net

Carrying

Value
 
                         
(in thousands)
 
Series
Seed-1
Preferred Stock
     6,950,729        6,950,729      $ 0.6167      $ 4,287      $ 4,287  
Series
Seed-2
Preferred Stock
     12,298,893        12,298,893        0.6167        7,585        7,585  
Series A Preferred Stock
     21,418,756        21,418,756        0.7594        16,265        16,040  
Series B Preferred Stock
     22,652,737        22,444,315        4.4383        99,615        99,398  
Series C Preferred Stock
     42,179,411        36,495,600        19.3702        706,927        718,621  
    
 
 
    
 
 
             
 
 
    
 
 
 
Total Convertible Preferred Stock
     105,500,526        99,608,293               $ 834,679      $ 845,931  
    
 
 
    
 
 
             
 
 
    
 
 
 
 
    
December 31, 2020
 
    
Shares

Authorized
    
Share Issued

and

Outstanding
    
Original

Issue Price
    
Aggregate

Liquidation

Preference
    
Net

Carrying

Value
 
                         
(in thousands)
 
Series
Seed-1
Preferred Stock
     6,950,729        6,950,729      $ 0.6167      $ 4,287      $ 4,287  
Series
Seed-2
Preferred Stock
     12,298,893        12,298,893        0.6167        7,585        7,585  
Series A Preferred Stock
     21,418,756        21,418,756        0.7594        16,265        16,040  
Series B Preferred Stock
     22,652,737        22,444,315        4.4383        99,615        99,398  
Series C Preferred Stock
     42,179,411        33,139,930        19.3702        641,927        641,002  
    
 
 
    
 
 
             
 
 
    
 
 
 
Total Convertible Preferred Stock
     105,500,526        96,252,623               $ 769,679      $ 768,312  
    
 
 
    
 
 
             
 
 
    
 
 
 
Redeemable convertible preferred stock as of December 31, 2020 and 2019, consisted of the following (in thousands, except share and per share amounts):
 
    
December 31, 2020
 
    
Shares
Authorized
    
Shares
Issued and
Outstanding
    
Original
Issue Price
    
Aggregate
Liquidation
Preference
    
Net
Carrying
Value
 
Series
Seed-1
Preferred Stock
     6,950,729        6,950,729      $ 0.6167      $ 4,287      $ 4,287  
Series
Seed-2
Preferred Stock
     12,298,893        12,298,893        0.6167        7,585        7,585  
Series A Preferred Stock
     21,418,756        21,418,756        0.7594        16,265        16,040  
Series B Preferred Stock
     22,652,737        22,444,315        4.4383        99,615        99,398  
Series C Preferred Stock
     42,179,411        33,139,930        19.3702        641,927        641,002  
    
 
 
    
 
 
             
 
 
    
 
 
 
Total redeemable convertible preferred stock
     105,500,526        96,252,623               $ 769,679      $ 768,312  
    
 
 
    
 
 
             
 
 
    
 
 
 
 
    
December 31, 2019
 
    
Shares
Authorized
    
Shares
Issued and
Outstanding
    
Original
Issue Price
    
Aggregate
Liquidation
Preference
    
Net
Carrying
Value
 
Series
Seed-1
Preferred Stock
     6,950,729        6,950,729      $ 0.6167      $ 4,287      $ 4,287  
Series
Seed-2
Preferred Stock
     12,298,893        12,298,893        0.6167        7,585        7,585  
Series A Preferred Stock
     21,418,756        21,418,756        0.7594        16,265        16,040  
Series B Preferred Stock
     22,652,737        22,444,315        4.4383        99,615        99,398  
Series C Preferred Stock
     42,179,411        29,500,322        19.3702        571,427        571,142  
    
 
 
    
 
 
             
 
 
    
 
 
 
Total redeemable convertible preferred stock
     105,500,526        92,613,015               $ 699,179      $ 698,452