Equity and Warrants (Tables)

12 Months Ended

Dec. 31, 2021

Equity and Warrants

Summary of fully diluted capital structure

	December 31,
	2021	2020
Issued and outstanding common shares	95,911,597	75,519,151
Earnout common shares (Note 1 and Note 9)	2,050,000	6,150,000
Total common shares issued and outstanding	97,961,597	81,669,151
Common shares reserved for future issuance:
Public warrants	—	8,625,000
Private warrants	1,795,700	5,700,000
Common stock options outstanding	4,822,992	6,414,611
Restricted stock units and awards (Note 9)	2,717,154	2,581,902
2020 Equity Plan pool reserved for future issuance (Note 9)	8,126,263	11,137,824
Convertible senior notes, due 2026(1)	16,998,130	—
Total shares of common stock outstanding and reserved for future issuance	132,421,836	116,128,488

(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.

Schedule of warrant activity

	Redeemable Convertible
	Preferred Stock
		Weighted-
		Average
	Number of	Exercise
	Warrants	Price
Balances as of January 1, 2020	965,157	$	4.39
Warrants granted	209,384		5.62
Warrants exercised	—		—
Warrants cancelled	(1,174,541)		4.60
Balances as of December 31, 2020	—	$	—

Schedule of Stockholders' Equity Note, Warrants or Rights

		Number of
	Number of	Common
	Warrants	Shares Issued	Cash Received
Balances as of January 1, 2021	14,325,000	—	$	—
Cash exercises	(11,023,376)	11,023,376		126,741
Cashless exercises	(1,329,454)	498,036		—
Canceled	(176,470)	—		—
Balances as of December 31, 2021	1,795,700	11,521,412	$	126,741