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Capital Structure
 12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Capital Structure Capital Structure
On July 19, 2021, the Company completed its IPO and issued 4,687,500 shares of its Class A common stock at a price of $16.00 per share for net proceeds of approximately $66.6 million, after deducting underwriting discounts and commissions and offering expenses payable by the Company. In connection with the IPO, all shares of convertible preferred stock converted into 22,434,130 shares of Class A common stock and 1,405,259 shares of Class B common stock.
Common Stock
The Company has two authorized classes of common stock, Class A and Class B. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote and shares of Class B common stock are non-voting. Each share of Class B common stock may be converted at any time to one share of Class A common stock at the option of its holder, subject to the ownership limitations provided for in the Company's amended and restated certificate of incorporation.
The Company is authorized to issue up to 150,000,000 shares of Class A common stock, par value $0.0001 per share and 1,500,000 shares of Class B common stock, par value $0.0001 per share. There were 29,368,867 and 1,700,625 shares of Class A common stock issued and outstanding at December 31, 2021 and 2020, respectively. There were 1,405,259 and 0 shares of Class B common stock issued and outstanding at December 31, 2021 and 2020, respectively.
The following shares of Class A common stock were reserved for future issuance:
December 31,
20212020
Senior convertible preferred stock— 5,737,440 
Junior convertible preferred stock— 9,819,480 
Shares issuable under convertible note— 665,699 
Warrants to purchase convertible preferred stock— 81,543 
Warrants to purchase Class A common stock2,788,484 2,019,590 
Options to purchase Class A common stock6,287,126 4,096,722 
Class A common stock available for future grants under the 2011 Equity Incentive Plan— 388,505 
Class A common stock available for future grants under the 2021 Equity Incentive Plan3,136,737 — 
Class A common stock available for future grants under the 2021 Employee Stock Purchase Plan305,089 — 
Total12,517,436 22,808,979 
As of December 31, 2021, all deferred offering costs related to the Company's IPO, totaling $3.1 million, had been reclassified to additional paid-in capital. As of December 31, 2020, approximately $26 thousand of deferred offering costs related to an equity offering were recorded within other assets.
Convertible Preferred Stock
In connection with the IPO, all shares of convertible preferred stock converted into 22,434,130 shares of Class A common stock and 1,405,259 shares of Class B common stock. No new convertible preferred stock has been issued since the IPO, and as such, there was no convertible preferred stock outstanding as of December 31, 2021.
Authorized, issued and outstanding convertible preferred stock and its principal terms as of December 31, 2020 were as follows (in thousands, except share and per share amounts):
SeriesShares
Authorized		Shares Issued
and
Outstanding		Original
Issue Price
Per Share		Aggregate
Liquidation
Preference		Proceeds,
net of
issuance costs
Series A-1 Junior Preferred Stock1,390 667 $2,079.00 $1,390 $1,390 
Series A-2 Junior Preferred Stock7,941,499 3,803,878 5.20 19,771 19,595 
Series B-1 Junior Preferred Stock2,060,000 961,994 5.20 5,000 4,914 
Series B-2 Junior Preferred Stock5,012,500 2,404,995 8.32 20,000 19,984 
Series C-1 Junior Preferred Stock5,521,905 2,647,946 12.38 32,755 32,653 
Series C-2 Junior Preferred Stock1,510,000 — 17.22 — — 
Series D Senior Preferred Stock12,320,844 5,737,440 9.03 102,535 50,415 
Total Convertible Preferred Stock34,368,138 15,556,920 $181,451 $128,951 
In connection with various preferred stock financings, the Company issued warrants to purchase common stock and warrants to purchase preferred stock. See Note 12 — Warrants for additional details.
Preferred Stock
The Company is authorized to issue up to 5,000,000 shares of preferred stock, par value $0.0001 per share. There were no preferred shares outstanding at December 31, 2021.