CONVERTIBLE PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

Summary of Authorized, Issued and Outstanding Convertible Preferred Stock

The following table summarizes the authorized, issued and outstanding Convertible Preferred Stock of Legacy Hyperfine immediately prior to the Business Combination:

Class	Year of Class Issuance	Issuance Price per share		Shares Authorized		Shares Issued and Outstanding		Total Proceeds or Exchange Value		Issuance Costs		Net Carrying Value		Initial Liquidation Price per share
Series A	2014	$	0.04		25,000,000		25,000,000	$	1,000	$	2	$	998	$	0.80
Series B	2017		0.80		10,625,000		10,625,000		8,500		—		8,500		0.80
Series C	2017		1.88		31,586,210		31,586,210		59,382		234		59,148		1.88
Series D	2020-2021		2.15		62,577,618		41,970,981		90,237		136		90,101		2.15
					129,788,828		109,182,191	$	159,119	$	372	$	158,747

The following table summarizes the authorized, issued and outstanding Convertible Preferred Stock of Legacy Hyperfine as of December 31, 2020:

Class	Year of Class Issuance	Issuance Price per share		Shares Authorized		Shares Issued and Outstanding		Total Proceeds or Exchange Value		Issuance Costs		Net Carrying Value		Initial Liquidation Price per share
Series A	2014	$	0.04		25,000,000		25,000,000	$	1,000	$	2	$	998	$	0.80
Series B	2017		0.80		10,625,000		10,625,000		8,500		—		8,500		0.80
Series C	2017		1.88		31,586,210		31,586,210		59,382		234		59,148		1.88
Series D	2020		2.15		62,577,618		27,799,648		59,769		129		59,640		2.15
					129,788,828		95,010,858	$	128,651	$	365	$	128,286