XML 62 R17.htm IDEA: XBRL DOCUMENT v3.23.1
Common Stock
12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Common Stock

10. Common Stock

At the closing of the merger, the shares of Private Disc's common stock were converted into shares of the Company's common stock based on the Exchange Ratio.

As of December 31, 2022, the authorized capital stock of the Company included 100,000,000 shares of common stock, $0.0001 par value per share. Prior to the merger, the holders of Private Disc's common stock were subject to and qualified by the rights, powers and preferences of the holders of the Preferred Stock set forth above. Each share of common stock entitles the holder to one vote on all matters submitted to the stockholders for a vote.

As of December 31, 2022 the Company has reserved the following shares of common stock for potential conversion of outstanding Preferred Stock and exercise of stock options:

 

 

December 31,

 

 

2022

 

2021

 

Series Seed convertible preferred stock

 

 

 

5,000,000

 

Series A convertible preferred stock

 

 

 

41,666,666

 

Series B convertible preferred stock

 

 

 

37,499,999

 

Stock options

 

2,640,590

 

 

1,456,551

 

Total

 

2,640,590

 

 

85,623,216