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Redeemable Convertible Preferred Stock and Stockholders' Deficit (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Summary of Reserved for Issuance Upon the Potential Conversion or Exercise

The number of shares of Common Stock that have been reserved for issuance upon the potential conversion or exercise, as applicable, of the Company’s securities as of September 30, 2024, is as follows:

 

Outstanding options to purchase Common Stock

 

 

7,108,316

 

Restricted Stock Units

 

 

530,778

 

Warrants to purchase Common Stock

 

 

19,231,301

 

Shares of Common Stock issued upon the exercise of Public Warrants

 

 

18,759,554

 

Series A Preferred Stock

 

 

2,260,159

 

Earn-Out Shares

 

 

9,000,000

 

Convertible Notes

 

 

479,196

 

Total

 

 

57,369,304

 

Summary of Warrants to Purchase the Classes of Preferred Stock and Common Stock Outstanding As of September 30, 2024, there were 403,658 Rollover Warrants outstanding to purchase Common Stock. Upon the closing of the Business Combination, certain Legacy Allurion preferred stock and Legacy Allurion common stock warrants that were converted into Rollover Warrants were determined to be equity classified.

In connection with the Public Offering and Private Placement, we issued the Public Offering Warrants and Private Placement Warrants. As of September 30, 2024, there were 16,567,484 Public Offering Warrants and 2,260,159 Private Placement Warrants outstanding to purchase Common Stock.

 

September 30, 2024

 

Issuance Date

 

Remaining
Contractual Term
(in years)

 

 

Underlying Equity Instrument

 

Balance Sheet
Classification

 

Shares Issuable
Upon Exercise
of Warrant

 

 

Weighted
Average Exercise
Price

 

12/1/2014

 

 

0.2

 

 

Common Stock

 

Equity

 

 

44,272

 

 

$

2.44

 

3/30/2021

 

 

6.5

 

 

Common Stock

 

Liability

 

 

130,053

 

 

 

6.73

 

9/15/2022

 

 

8.0

 

 

Common Stock

 

Liability

 

 

45,238

 

 

 

12.14

 

6/4/2022

 

 

7.7

 

 

Common Stock

 

Liability

 

 

45,238

 

 

 

12.14

 

1/17/2017

 

 

2.3

 

 

Common Stock

 

Equity

 

 

73,349

 

 

 

0.02

 

8/3/2017

 

 

2.8

 

 

Common Stock

 

Equity

 

 

9,779

 

 

 

1.13

 

9/8/2017

 

 

2.9

 

 

Common Stock

 

Liability

 

 

28,764

 

 

 

1.05

 

6/19/2018

 

 

3.7

 

 

Common Stock

 

Liability

 

 

17,977

 

 

 

1.05

 

6/25/2019

 

 

4.7

 

 

Common Stock

 

Liability

 

 

8,988

 

 

 

1.05

 

7/1/2024

 

 

4.8

 

 

Common Stock

 

Liability

 

 

18,827,643

 

 

 

1.20

 

 

 

 

 

 

 

 

 

 

 

19,231,301

 

 

 

 

 

December 31, 2023

 

Issuance Date

 

Remaining
Contractual Term
(in years)

 

 

Underlying Equity Instrument

 

Balance Sheet
Classification

 

Shares Issuable
Upon Exercise
of Warrant

 

 

Weighted
Average Exercise
Price

 

12/1/2014

 

 

0.9

 

 

Common Stock

 

Equity

 

 

44,272

 

 

$

2.44

 

3/30/2021

 

 

7.2

 

 

Common Stock

 

Liability

 

 

130,053

 

 

 

6.73

 

9/15/2022

 

 

8.7

 

 

Common Stock

 

Liability

 

 

45,238

 

 

 

12.14

 

6/4/2022

 

 

8.4

 

 

Common Stock

 

Liability

 

 

45,238

 

 

 

12.14

 

1/17/2017

 

 

3.0

 

 

Common Stock

 

Equity

 

 

73,349

 

 

 

0.02

 

8/3/2017

 

 

3.6

 

 

Common Stock

 

Equity

 

 

9,779

 

 

 

1.13

 

9/8/2017

 

 

3.7

 

 

Common Stock

 

Liability

 

 

28,764

 

 

 

1.05

 

6/19/2018

 

 

4.5

 

 

Common Stock

 

Liability

 

 

17,977

 

 

 

1.05

 

6/25/2019

 

 

5.5

 

 

Common Stock

 

Liability

 

 

8,988

 

 

 

1.05

 

 

 

 

 

 

 

 

 

 

 

403,658