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| | | | 114 | | | |
| | | | F-1 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| ||||||
Net sales
|
| | | $ | — | | | | | $ | — | | |
Operating expenses | | | | | | | | | | | | | |
Selling, general and administrative expenses
|
| | | | 105,362 | | | | | | 31,316 | | |
Research and development expenses
|
| | | | 284,016 | | | | | | 70,966 | | |
Amortization of intangible assets
|
| | | | 11,111 | | | | | | — | | |
Total operating expenses
|
| | | | 400,489 | | | | | | 102,283 | | |
Loss from operations
|
| | | | (400,489) | | | | | | (102,283) | | |
Other (expense) income
|
| | | | | | | | | | | | |
Other expense
|
| | | | (10,079) | | | | | | (20,866) | | |
Interest income (expense)
|
| | | | 200 | | | | | | (901) | | |
Loss before income taxes
|
| | | | (410,368) | | | | | | (124,050) | | |
Income tax expense
|
| | | | — | | | | | | — | | |
Net loss
|
| | | $ | (410,368) | | | | | $ | (124,050) | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| ||||||
Cash used by operating activities
|
| | | $ | (387,990) | | | | | $ | (99,596) | | |
Cash used by investing activities
|
| | | $ | (285,514) | | | | | $ | (50,249) | | |
Cash provided by financing activities
|
| | | $ | 287,759 | | | | | $ | 777,447 | | |
Name
|
| |
Age
|
| |
Position
|
|
Executive Officers | | | | | | | |
Daniel A. Ninivaggi | | | 57 | | | Chief Executive Officer | |
Adam Kroll | | | 47 | | | Chief Financial Officer | |
Edward T. Hightower | | | 56 | | | President | |
Jane Ritson-Parsons | | | 59 | | |
Executive Vice President — Chief Commercial Officer
|
|
Melissa A. Leonard | | | 54 | | |
Executive Vice President, General Counsel & Secretary
|
|
Non-Employee Directors | | | | ||||
David T. Hamamoto(3) | | | 62 | | | Director | |
Keith Feldman(1)(2) | | | 45 | | | Director | |
Jane Reiss(1) | | | 60 | | | Director | |
Dale Spencer(2)(3) | | | 64 | | | Director | |
Michael Gates(3) | | | 61 | | | Director | |
Angela Strand | | | 53 | | | Director | |
Martin J. Rucidlo(1) | | | 64 | | | Director | |
Name
|
| |
Age
|
| |
Position
|
|
Daniel A. Ninivaggi | | | 57 | | | Chief Executive Officer (current PEO) (since August 26, 2021) | |
Adam Kroll | | | 47 | | | Executive Vice President and Chief Financial Officer (since October 25, 2021) | |
Jane Ritson-Parsons | | | 59 | | | Executive Vice President — Chief Commercial Officer | |
Stephen S. Burns | | | 62 | | | Former Chairman of the Board and Former Chief Executive Officer (former PEO) (through June 14, 2021) | |
Angela Strand | | | 53 | | | Former Executive Chair (former PEO) (from June 18, 2021 through August 26, 2021) | |
Thomas V. Canepa | | | 62 | | | Former General Counsel and Corporate Secretary (through December 17, 2021) | |
Chuan D. (John) Vo | | | 49 | | | Former Vice President of Propulsion (through February 25, 2022) | |
NAMED EXECUTIVE OFFICER
AND PRINCIPAL POSITION |
| |
YEAR
|
| |
SALARY
|
| |
BONUS
|
| |
STOCK
AWARDS(1) |
| |
OPTION
AWARDS(1) |
| |
ALL
OTHER COMPENSATION(2) |
| |
TOTAL
|
| |||||||||||||||||||||
Daniel A. Ninivaggi
Chief Executive Officer (since August 26, 2021) |
| | | | 2021 | | | | | $ | 236,538(3) | | | | | $ | 160,740 | | | | | $ | 3,857,000 | | | | | $ | 1,309,770 | | | | | $ | — | | | | | $ | 5,564,048 | | |
Adam Kroll
Chief Financial Officer (since October 25, 2021) |
| | | | 2021 | | | | | $ | 69,231 | | | | | | — | | | | | $ | 1,307,500 | | | | | $ | 400,440 | | | | | | — | | | | | $ | 1,777,171 | | |
Jane Ritson-Parsons
Executive Vice President — Chief Commercial Officer |
| | | | 2021 | | | | | $ | 200,000 | | | | | $ | 100,000 | | | | | $ | 3,993,500 | | | | | | — | | | | | $ | 2,677 | | | | | $ | 4,296,177 | | |
Angela Strand
Former Executive Chair (from June 18, 2021 to August 26, 2021) |
| | | | 2021 | | | | | $ | 500,000 | | | | | | — | | | | | $ | 900,521 | | | | | | — | | | | | | — | | | | | $ | 1,400,521 | | |
Stephen S. Burns
Former Chief Executive Officer (through June 14, 2021) |
| | | | 2021 | | | | | $ | 258,654 | | | | | | — | | | | | | — | | | | | | | | | | | $ | 230,769 | | | | | $ | 489,423 | | |
| | | 2020 | | | | | $ | 269,266 | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | $ | 269,266 | | | ||
Thomas V. Canepa
Former General Counsel & Corporate Secretary (through December 17, 2021) |
| | | | 2021 | | | | | $ | 397,885 | | | | | | — | | | | | $ | 2,282,000 | | | | | $ | 190,805 | | | | | $ | 1,358 | | | | | $ | 2,872,048 | | |
| | | 2020 | | | | | $ | 292,345 | | | | | | — | | | | | | — | | | | | $ | 88,040 | | | | | | — | | | | | $ | 380,385 | | | ||
Chuan D. (John) Vo
Former Vice President of Propulsion (through February 25, 2022) |
| | | | 2021 | | | | | $ | 301,923 | | | | | | — | | | | | $ | 2,496,500 | | | | | $ | 154,707 | | | | | | — | | | | | $ | 2,953,130 | | |
| | | | | | | | |
Option Awards
|
| |
Stock Awards
|
| | ||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant date
|
| |
Number of
securities underlying unexercised options (#) exercisable |
| |
Number of
securities underlying unexercised options (#) unexercisable |
| |
Option
exercise price ($) |
| |
Option
expiration date |
| |
Number
of shares or units of stock that have not vested (#) |
| |
Market
value of shares or units of stock that have not vested ($) (1) |
| |
Equity
incentive plan awards: number of unearned shares, units or other rights that have not vested |
| |
Equity
incentive plan awards: market or payout value of unearned shares (1), units or other rights that have not vested |
| ||||||||||||||||||||||||||||||
Daniel A. Ninivaggi
|
| | | | 8/26/21(2) | | | | | | — | | | | | | 700,000 | | | | | $ | 5.51 | | | | | | 8/26/31 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 8/26/21(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 700,000 | | | | | $ | 2,415,000 | | | | | | — | | | | | | — | | | | ||
Adam Kroll
|
| | | | 10/13/21(3) | | | | | | — | | | | | | 200,000 | | | | | $ | 5.12 | | | | | | 10/13/31 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 10/13/21(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 250,000 | | | | | $ | 862,500 | | | | | | — | | | | | | — | | | | ||
Jane Ritson-Parsons
|
| | | | 6/13/21(4) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 350,000 | | | | | $ | 1,207,500 | | | | | | — | | | | | | — | | | | ||
Angela Strand
|
| | | | 2/5/21(5) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,164 | | | | | $ | 21,266 | | | | | | — | | | | | | — | | | | ||
| | | | | 2/5/21(6) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,164 | | | | | $ | 21,266 | | | | | | — | | | | | | — | | | | ||
| | | | | 6/13/21(7) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 50,000 | | | | | | — | | | | | | — | | | | | | — | | | | ||
Stephen S. Burns
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Thomas V. Canepa
|
| | | | 11/1/19(8)(9) | | | | | | 702,703 | | | | | | — | | | | | $ | 1.79 | | | | | | 11/1/29 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 2/14/20(8)(9) | | | | | | 81,386 | | | | | | — | | | | | $ | 1.79 | | | | | | 2/13/30 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 2/5/21(10) | | | | | | — | | | | | | 18,500 | | | | | $ | 26.77 | | | | | | 2/4/31 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 6/13/21(11) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 200,000 | | | | | $ | 690,000 | | | | | | — | | | | | | — | | | | ||
Chuan D. (John) Vo
|
| | | | 2/14/20(8)(12) | | | | | | 74,433 | | | | | | 149,093 | | | | | $ | 1.79 | | | | | | 2/13/30 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 2/5/21(13) | | | | | | — | | | | | | 15,000 | | | | | $ | 26.77 | | | | | | 2/4/31 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | 6/13/21(14) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 200,000 | | | | | $ | 690,000 | | | | | | — | | | | | | — | | | | ||
| | | | | 12/7/21(1)(15) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 200,000 | | | | | $ | 690,000 | | | |
NAME
|
| |
FEES
EARNED OR PAIDIN CASH ($)(1) |
| |
STOCK
AWARDS ($)(2) |
| |
ALL OTHER
COMPENSATION |
| |
TOTAL
|
| ||||||||||||
David T. Hamamoto
|
| | | $ | 71,413 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 401,413 | | |
Keith Feldman
|
| | | $ | 80,982 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 410,982 | | |
Jane Reiss
|
| | | $ | 71,803 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 401,803 | | |
Dale Spencer
|
| | | $ | 74,619 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 404,619 | | |
Michael Gates
|
| | | $ | 66,823 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 396,823 | | |
Angela Strand
|
| | | $ | 68,025 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 398,025 | | |
Martin J. Rucidlo
|
| | | $ | 72,070 | | | | | $ | 330,000 | | | | | | — | | | | | $ | 402,070 | | |
Mick Kowitz(3)
|
| | | $ | 46,674 | | | | | $ | — | | | | | | — | | | | | $ | 46,674 | | |
Name and Address of Beneficial Owner
|
| |
Common Stock
Beneficially Owned Number of Shares of Class A Common Stock Beneficially Owned |
| |
Percent of Class A
Common Stock Outstanding |
| ||||||
Directors and Named Executive Officers (Current Officers) | | | | | | | | | | | | | |
Keith Feldman(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 234,645 | | | | | | * | | |
Michael Gates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 18,320 | | | | | | * | | |
David T. Hamamoto(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 4,229,135 | | | | | | 2.13% | | |
Jane Reiss(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 147,923 | | | | | | * | | |
Martin J. Rucidlo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 20,754 | | | | | | * | | |
Dale Spencer(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 147,923 | | | | | | * | | |
Angela Strand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 58,219 | | | | | | * | | |
Daniel A. Ninivaggi. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 20,000 | | | | | | * | | |
Adam Kroll. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | — | | | | | | * | | |
Jane Ritson-Parsons. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | — | | | | | | * | | |
Named Executive Officers (Former Officers) | | | | | | | | | | | | | |
Stephen S. Burns(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 35,362,745 | | | | | | 17.9% | | |
Thomas V. Canepa(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 698,059 | | | | | | * | | |
Chuan D. (John) Vo (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 227,641 | | | | | | * | | |
All Current Directors and Executive Officers, as a group (12 individuals)(7) . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 5,033,570 | | | | | | 2.53% | | |
Five Percent Holders | | | | | | | | | | | | | |
The Vanguard Group(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 11,264,704 | | | | | | 5.73% | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Abel Family Investments LLC
|
| | | | 819,005 | | | | | | 0 | | | | | | 819,005 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Adam & Ellen Gannon Shapiro JT TEN
|
| | | | 50,054 | | | | | | 0 | | | | | | 44,554 | | | | | | 0 | | | | | | 5,500 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Adam Perlow & Marlo S. Perlow JT TEN
|
| | | | 27,940 | | | | | | 0 | | | | | | 27,940 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Albert T. Adams, Trustee of The Albert T. Adams Trust(2)
|
| | | | 100,383 | | | | | | 0 | | | | | | 100,383 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Albert Thomas Adams(2)
|
| | | | 55,881 | | | | | | 0 | | | | | | 55,881 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Alexander Gitch
|
| | | | 1,504 | | | | | | 575 | | | | | | 1,504 | | | | | | 575 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Alice A. Devine
|
| | | | 5,000 | | | | | | 0 | | | | | | 5,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
AMFCO-4 LLC(3)
|
| | | | 330,000 | | | | | | 0 | | | | | | 330,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Andrew D. Weller
|
| | | | 14,513 | | | | | | 0 | | | | | | 14,513 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Andrew Richardson(4)
|
| | | | 88,357 | | | | | | 0 | | | | | | 88,357 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Anthony B. Cimino*
|
| | | | 183,411 | | | | | | 0 | | | | | | 183,411 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Anthony J. Hasapis*
|
| | | | 5,019 | | | | | | 0 | | | | | | 5,019 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Anthony V. Milone
|
| | | | 52,589 | | | | | | 0 | | | | | | 52,308 | | | | | | 0 | | | | | | 281 | | | | | | * | | | | | | 0 | | | | | | 0 | | |
Arash Dilmanian
|
| | | | 90,979 | | | | | | 11,646 | | | | | | 90,979 | | | | | | 11,646 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Armory Fund LP(3)
|
| | | | 241,526 | | | | | | 0 | | | | | | 232,526 | | | | | | 0 | | | | | | 9,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Article Third of Hamamoto Family Trust 2003(5)
|
| | | | 994,755 | | | | | | 202,933 | | | | | | 266,971 | | | | | | 202,933 | | | | | | 524,851 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
ATJ Electrical Co Inc(6)
|
| | | | 40,304 | | | | | | 0 | | | | | | 30,304 | | | | | | 0 | | | | | | 10,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Barbara G. Samuels(7)
|
| | | | 235,342 | | | | | | 0 | | | | | | 235,342 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Barrett A. Binion
|
| | | | 753 | | | | | | 288 | | | | | | 288 | | | | | | 288 | | | | | | 465 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
BEMAP Master Fund Ltd*(8)
|
| | | | 545,454 | | | | | | 0 | | | | | | 545,454 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Blackwell Horizon LLC(9)
|
| | | | 46,466 | | | | | | 0 | | | | | | 46,466 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
BLDG, LLC(10)
|
| | | | 10,060 | | | | | | 0 | | | | | | 10,060 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brad S. Lebovitz
|
| | | | 37,044 | | | | | | 6,398 | | | | | | 37,044 | | | | | | 6,398 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Bradley L. Todora
|
| | | | 20,120 | | | | | | 0 | | | | | | 20,120 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brett Bossung
|
| | | | 649,667 | | | | | | 16,917 | | | | | | 649,667 | | | | | | 16,917 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brett C. Klyza
|
| | | | 17,675 | | | | | | 7,493 | | | | | | 17,675 | | | | | | 7,493 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brian A. Betancourt*
|
| | | | 112,969 | | | | | | 0 | | | | | | 112,969 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brian Frank
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brian Roberts
|
| | | | 122,204 | | | | | | 0 | | | | | | 122,204 | | | | | | | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Brown Gibbons Lang & Company LLC(11)
|
| | | | 1,649,489 | | | | | | 0 | | | | | | 1,649,489 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Chris Prouty*
|
| | | | 40,082 | | | | | | 0 | | | | | | 40,082 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Chris S. Westfahl
|
| | | | 67,379 | | | | | | 2,624 | | | | | | 67,379 | | | | | | 2,624 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Christine M. Ojile
|
| | | | 5,769 | | | | | | 0 | | | | | | 5,019 | | | | | | 0 | | | | | | 750 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Christopher J. Cecchetelli
|
| | | | 1,223 | | | | | | 468 | | | | | | 1,223 | | | | | | 468 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Chuan D. Vo(12)
|
| | | | 227,641 | | | | | | 0 | | | | | | 717 | | | | | | 0 | | | | | | 226,924 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Clayton E. Wimberly & Joan Mary Wimberly
COMM WROS PROP* |
| | | | 15,152 | | | | | | 0 | | | | | | 15,152 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Colleen C. Fennerty
|
| | | | 753 | | | | | | 288 | | | | | | 753 | | | | | | 288 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Connie Leonard
|
| | | | 2,000 | | | | | | 0 | | | | | | 2,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Constantine A. Tujios
|
| | | | 43,881 | | | | | | 5,248 | | | | | | 43,881 | | | | | | 5,248 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Daniel J. Wampler & Lisa Ann Wampler JT TEN*
|
| | | | 177,446 | | | | | | 0 | | | | | | 177,446 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Daniel W. Grotenhuis*
|
| | | | 111,763 | | | | | | 0 | | | | | | 111,763 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Danielle Voroba
|
| | | | 719 | | | | | | 719 | | | | | | 719 | | | | | | 719 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
David Ezekiel
|
| | | | 90,000 | | | | | | 0 | | | | | | 90,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
David Mazzullo*
|
| | | | 40,405 | | | | | | 0 | | | | | | 40,405 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
David T. Hamamoto(13)
|
| | | | 76,119 | | | | | | 0 | | | | | | 76,119 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
David T. Hamamoto GRAT 2019 – SPAC(14)
|
| | | | 2,743,304 | | | | | | 1,217,597 | | | | | | 2,743,304 | | | | | | 1,217,597 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Dechomai Asset Trust(15)
|
| | | | 500,000 | | | | | | 0 | | | | | | 500,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Diamond Head Partners LLC(16)
|
| | | | 1,409,712 | | | | | | 608,799 | | | | | | 1,409,712 | | | | | | 608,799 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Dominic Audino*
|
| | | | 25,253 | | | | | | 0 | | | | | | 25,253 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Douglas Solomon*
|
| | | | 21,212 | | | | | | 0 | | | | | | 21,212 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Edward and Judy Ptaszek JT TEN(17)
|
| | | | 55,881 | | | | | | 0 | | | | | | 55,881 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Edward M. Giles Exempt Trust UAD(18)
|
| | | | 225,940 | | | | | | 0 | | | | | | 225,940 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Edward M. Giles GST Exempt Trust UAD 11/30/11(18)
|
| | | | 30,304 | | | | | | 0 | | | | | | 30,304 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Edward M. Giles GST Exempt Trust UAD 12/27/19*(19)
|
| | | | 30,304 | | | | | | 0 | | | | | | 30,304 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Edward M. Giles Revocable Trust(20)
|
| | | | 393,585 | | | | | | 0 | | | | | | 393,585 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Erieview Acquisition LLC(21)
|
| | | | 139,704 | | | | | | 0 | | | | | | 139,704 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ernest Mario
|
| | | | 148,572 | | | | | | 0 | | | | | | 148,572 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ernest Mario Fifteen Year ResidenceTrust(22)
|
| | | | 102,020 | | | | | | 0 | | | | | | 102,020 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Federated Hermes Kaufmann Small Cap Fund, a Portfolio of Federated Hermes Equity Funds(23)
|
| | | | 1,500,000 | | | | | | 0 | | | | | | 1,500,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
FIAM Target Date Blue Chip Growth
Commingled Pool By: Fidelity Institutional Asset Management Trust Company as Trustee(24) |
| | | | 334,961 | | | | | | 0 | | | | | | 334,961 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Fidelity Advisor Series I: Fidelity Advisor Growth Opportunities Fund*(24)
|
| | | | 828,055 | | | | | | 0 | | | | | | 828,055 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Advisor Series I: Fidelity Advisor Series Growth Opportunities Fund*(24)
|
| | | | 41,185 | | | | | | 0 | | | | | | 41,185 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Blue Chip Growth Commingled Pool
By: Fidelity Institutional Asset Management Trust Company as Trustee*(24) |
| | | | 131,792 | | | | | | 0 | | | | | | 131,792 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Blue Chip Growth Institutional Trust
By its manager Fidelity Investments Canada ULC*(24) |
| | | | 12,008 | | | | | | 0 | | | | | | 12,008 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Growth Company Commingled Pool
By: Fidelity Management Trust Company, as Trustee*(24) |
| | | | 2,028,480 | | | | | | 0 | | | | | | 2,028,480 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund*(24)
|
| | | | 2,232,387 | | | | | | 0 | | | | | | 2,232,387 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Mt. Vernon Street Trust: Fidelity Growth Company K6 Fund*(24)
|
| | | | 226,198 | | | | | | 0 | | | | | | 226,198 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund*(24)
|
| | | | 512,936 | | | | | | 0 | | | | | | 512,936 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Securities Fund: Fidelity Blue Chip Growth Fund*(24)
|
| | | | 3,573,266 | | | | | | 0 | | | | | | 3,573,266 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Securities Fund: Fidelity Blue Chip Growth K6 Fund*(24)
|
| | | | 366,333 | | | | | | 0 | | | | | | 366,333 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Securities Fund: Fidelity Flex Large Cap Growth Fund*(24)
|
| | | | 5,676 | | | | | | 0 | | | | | | 5,676 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Securities Fund: Fidelity Series Blue
Chip Growth Fund*(24) |
| | | | 575,965 | | | | | | 0 | | | | | | 575,965 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fidelity Select Portfolios: Select Automotive Portfolio*(24)
|
| | | | 12,513 | | | | | | 0 | | | | | | 12,513 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Fiduciary Trust as Custodian for The Edward M. Giles ROTH IRA(25)
|
| | | | 30,304 | | | | | | 0 | | | | | | 30,304 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Flamingo Drive Partners LLC(26)
|
| | | | 55,881 | | | | | | 0 | | | | | | 55,881 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Frangos Properties Group LLC(27)
|
| | | | 42,500 | | | | | | 0 | | | | | | 42,500 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Frank H. Moore*(28)
|
| | | | 5,019 | | | | | | 0 | | | | | | 5,019 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Garrett Paul Ederle
|
| | | | 16,302 | | | | | | 6,371 | | | | | | 16,302 | | | | | | 6,371 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Gavin A. Scotti, Jr.*
|
| | | | 588,128 | | | | | | 0 | | | | | | 563,128 | | | | | | 0 | | | | | | 25,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Gavin A. Scotti, Sr.*
|
| | | | 50,506 | | | | | | 0 | | | | | | 50,506 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
George F. Wood
|
| | | | 1,037,347 | | | | | | 0 | | | | | | 1,037,347 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
George Syrianoudis(72)
|
| | | | 12,618 | | | | | | 0 | | | | | | 71 | | | | | | 0 | | | | | | 12,547 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Giles Family 2015 Trust UAD 12/16/15(18)
|
| | | | 197,949 | | | | | | 0 | | | | | | 197,949 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Glenn Kunkel
|
| | | | 740 | | | | | | 0 | | | | | | 740 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
H. Benjamin Samuels
|
| | | | 106,387 | | | | | | 0 | | | | | | 106,387 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Han Solutions II LLC(29)
|
| | | | 20,662 | | | | | | 0 | | | | | | 16,162 | | | | | | 0 | | | | | | 4,500 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Harold S. Parnes
|
| | | | 60,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 60,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Henry Steeneck*
|
| | | | 42,795 | | | | | | 0 | | | | | | 42,795 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Honus Group LLC(30)
|
| | | | 62,628 | | | | | | 0 | | | | | | 62,628 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Howard W. Wilson
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ian Upton
|
| | | | 32,158 | | | | | | 0 | | | | | | 17,620 | | | | | | 0 | | | | | | 14,538 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Invader II LLC*(31)
|
| | | | 337,703 | | | | | | 0 | | | | | | 337,703 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Jacob Cooper*
|
| | | | 8,918 | | | | | | 0 | | | | | | 8,918 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
James J. Dolan*(32)
|
| | | | 15,152 | | | | | | 0 | | | | | | 15,152 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Janice & Michael Drake Trust UAD*(33)
|
| | | | 61,082 | | | | | | 0 | | | | | | 55,881 | | | | | | 0 | | | | | | 5,201 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Jeffrey Cook
|
| | | | 26,399 | | | | | | 10,947 | | | | | | 26,399 | | | | | | 10,947 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Jeremy Samuels
|
| | | | 85,033 | | | | | | 0 | | | | | | 71,033 | | | | | | 0 | | | | | | 14,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Ji Yeong Ruggiere
|
| | | | 6,864 | | | | | | 2,624 | | | | | | 6,864 | | | | | | 2,624 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
John R. Tilson Trust UAD 06/03/19(34)
|
| | | | 41,513 | | | | | | 0 | | | | | | 41,513 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
John W. Shaffer
|
| | | | 7,197 | | | | | | 0 | | | | | | 7,197 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
John William Blaney*(35)
|
| | | | 7,358 | | | | | | 0 | | | | | | 5,023 | | | | | | 0 | | | | | | 2,335 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Joseph Gamberale*
|
| | | | 15,152 | | | | | | 0 | | | | | | 15,152 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Judith Hannaway(36)
|
| | | | 88,357 | | | | | | 0 | | | | | | 88,357 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Julio C. Rodriguez(37)
|
| | | | 558,862 | | | | | | 0 | | | | | | 34,080 | | | | | | 0 | | | | | | 524,782 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Keith Feldman(38)
|
| | | | 234,645 | | | | | | 91,613 | | | | | | 234,645 | | | | | | 91,613 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Keith M. Kleeman
|
| | | | 50,301 | | | | | | 0 | | | | | | 50,301 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Kelly Griffin
|
| | | | 117,965 | | | | | | 0 | | | | | | 117,965 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Kenneth Beckerman*
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Kevin J. Harrington
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Kyle Buchakjian
|
| | | | 41,500 | | | | | | 0 | | | | | | 41,500 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Kyriakos Mihalitsis
|
| | | | 4,608 | | | | | | 1,762 | | | | | | 4,608 | | | | | | 1,762 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Laurence Zalk*
|
| | | | 15,057 | | | | | | 0 | | | | | | 15,057 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Lawrence & Susan Wilson JT TEN
|
| | | | 84,653 | | | | | | 0 | | | | | | 84,453 | | | | | | 0 | | | | | | 200 | | | | | | ** | | | | | | | | | | | | | | |
Liang S. Wu
|
| | | | 941 | | | | | | 360 | | | | | | 941 | | | | | | 360 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
LWMM LLC(39)
|
| | | | 139,604 | | | | | | 0 | | | | | | 139,604 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Manuel Z. Rios & Gloria P Rios JT TEN
|
| | | | 81,578 | | | | | | 0 | | | | | | 81,578 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Marc Lehmann
|
| | | | 95,152 | | | | | | 0 | | | | | | 15,152 | | | | | | 0 | | | | | | 80,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Margate Partners
|
| | | | 10,000 | | | | | | 0 | | | | | | 10,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Mark A. Walsh(40)
|
| | | | 649,667 | | | | | | 16,917 | | | | | | 649,667 | | | | | | 16,917 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Mark G. Christiana
|
| | | | 72,439 | | | | | | 0 | | | | | | 72,439 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Marmatt LLC(41)
|
| | | | 53,427 | | | | | | 0 | | | | | | 49,227 | | | | | | 0 | | | | | | 4,200 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Martin Rucidlo(42)
|
| | | | 20,754 | | | | | | 0 | | | | | | 7,535 | | | | | | 0 | | | | | | 13,219 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Martin Thomas Booher(43)
|
| | | | 13,970 | | | | | | 0 | | | | | | 13,970 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Masood A. Bhatti
|
| | | | 66,751 | | | | | | 2,624 | | | | | | 66,751 | | | | | | 2,624 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Medford Bragg
|
| | | | 162,269 | | | | | | 0 | | | | | | 162,269 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Melissa Leonard(44)
|
| | | | 156,651 | | | | | | 0 | | | | | | 34,046 | | | | | | 0 | | | | | | 122,605 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
MGC Properties LLC(45)
|
| | | | 3,725 | | | | | | 0 | | | | | | 2,525 | | | | | | 0 | | | | | | 1,200 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Michael & Diane W. Gibbons JT TEN(46)
|
| | | | 282,342 | | | | | | 0 | | | | | | 282,342 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Michael D. Gates(47)
|
| | | | 18,320 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 8,219 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Michael Franzese
|
| | | | 15,285 | | | | | | 5,248 | | | | | | 15,285 | | | | | | 5,248 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Michael Kolodny Revocable Trust Dated 2/13/97(48)
|
| | | | 5,010 | | | | | | 0 | | | | | | 5,010 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Michael Randall
|
| | | | 65,900 | | | | | | 0 | | | | | | 65,000 | | | | | | 0 | | | | | | 900 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Michael Solomon(49)
|
| | | | 1,112,000 | | | | | | 0 | | | | | | 1,000,000 | | | | | | 0 | | | | | | 112,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Michael T. Drake
|
| | | | 14,459 | | | | | | 0 | | | | | | 9,054 | | | | | | 0 | | | | | | 5,405 | | | | | | ** | | | | | | | | | | | | 0 | | |
Mickey W. Kowitz(50)
|
| | | | 10,060 | | | | | | 0 | | | | | | 10,060 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Mildred Martha Mario Exempt Trust(51)
|
| | | | 30,000 | | | | | | 0 | | | | | | 30,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Mildred Martha Mario Nonelective Trust(52)
|
| | | | 113,900 | | | | | | 0 | | | | | | 113,900 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Millie LLC(53)
|
| | | | 24,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 24,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Nancy Hu*(54)
|
| | | | 13,970 | | | | | | 0 | | | | | | 13,970 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
New Era Capital Fund LP*(55)
|
| | | | 101,013 | | | | | | 0 | | | | | | 101,013 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Norman Ravski*
|
| | | | 66,613 | | | | | | 0 | | | | | | 66,613 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Patricia Avery
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Patrick & Mary Ellen McCullough JT TEN(56)
|
| | | | 180,289 | | | | | | 0 | | | | | | 179,664 | | | | | | 0 | | | | | | 625 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Paul A. McAlpine*
|
| | | | 48,142 | | | | | | 0 | | | | | | 48,142 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Payton Gutting
|
| | | | 753 | | | | | | 288 | | | | | | 753 | | | | | | 288 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Phil Richard Schmidt*(57)
|
| | | | 334,148 | | | | | | 0 | | | | | | 9,366 | | | | | | 0 | | | | | | 324,782 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Primary Investments LLC*(58)
|
| | | | 50,506 | | | | | | 0 | | | | | | 50,506 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Randall L. & Noreen Cochran JT TEN
|
| | | | 40,000 | | | | | | 0 | | | | | | 20,000 | | | | | | 0 | | | | | | 20,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Reuben Taub*
|
| | | | 30,115 | | | | | | 0 | | | | | | 30,115 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ricky Solomon
|
| | | | 55,316 | | | | | | 0 | | | | | | 55,316 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Riverview Group LLC*(59)
|
| | | | 800,000 | | | | | | 0 | | | | | | 800,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert & Abigail A. Ruhlman JT TEN*
|
| | | | 141,198 | | | | | | 0 | | | | | | 141,198 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert Berman*
|
| | | | 10,101 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert C. Eising
|
| | | | 13,301 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 3,200 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Robert Coffey
|
| | | | 5,030 | | | | | | 0 | | | | | | 5,030 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert H. Chicoine Jr.
|
| | | | 71,664 | | | | | | 0 | | | | | | 71,664 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert Kromer and Emily Berry*
|
| | | | 5,030 | | | | | | 0 | | | | | | 5,030 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert L. Alloway
|
| | | | 27,940 | | | | | | 0 | | | | | | 27,940 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Robert Tyler King
|
| | | | 13,633 | | | | | | 5,580 | | | | | | 5,580 | | | | | | 5,580 | | | | | | 8,053 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Ronald Stepanovic(60)
|
| | | | 39,634 | | | | | | 0 | | | | | | 39,634 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
ROTH IRA FBO Edward M. Giles(61)
|
| | | | 167,645 | | | | | | 0 | | | | | | 167,645 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
ROTH IRA FBO George F. Wood(62)
|
| | | | 40,910 | | | | | | 0 | | | | | | 40,910 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ryan Schnepf
|
| | | | 33,326 | | | | | | 3,487 | | | | | | 33,326 | | | | | | 3,487 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Samuel Staggers
|
| | | | 61,562 | | | | | | 0 | | | | | | 61,562 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Samuels 2012 Children’s Trust(63)
|
| | | | 50,506 | | | | | | 0 | | | | | | 50,506 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Scherlis Family LLC(64)
|
| | | | 109,605 | | | | | | 0 | | | | | | 99,605 | | | | | | 0 | | | | | | 10,000 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Scott Dols
|
| | | | 168,851 | | | | | | 0 | | | | | | 168,851 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Seth A. Zimmerman
|
| | | | 377 | | | | | | 144 | | | | | | 377 | | | | | | 144 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
SFL SPV I LLC*(8)
|
| | | | 81,818 | | | | | | 0 | | | | | | 81,818 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Solfin Corporation*(65)
|
| | | | 27,940 | | | | | | 0 | | | | | | 27,940 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Stephen Baksa
|
| | | | 603,857 | | | | | | 0 | | | | | | 603,857 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Stephen Drees
|
| | | | 65,928 | | | | | | 0 | | | | | | 65,928 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Name of Selling Securityholder
|
| |
Shares of
Class A Common Stock Beneficially Owned Prior to Offering |
| |
Private
Placement Warrants Beneficially Owned Prior to Offering |
| |
Number of
Shares of Class A Common Stock Being Offered(1) |
| |
Number
of Private Placement Warrants Being Offered |
| |
Shares of Class A
Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Private Placement
Warrants Beneficially Owned After the Offered Private Placement Warrants Are Sold |
| ||||||||||||||||||||||||||||||
|
Shares of
Class A Common Stock After the Offered Shares of Class A Common Stock Are Sold |
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||||||||||||||||||||
Stephen J. Schaefer
|
| | | | 980,658 | | | | | | 0 | | | | | | 555,854 | | | | | | 0 | | | | | | 424,804 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Stephen Maffei*
|
| | | | 13,970 | | | | | | 0 | | | | | | 13,970 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Stephen S. Burns(66)
|
| | | | 35,362,745 | | | | | | 0 | | | | | | 35,362,745 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Steven Berkowitz*
|
| | | | 70,148 | | | | | | 0 | | | | | | 70,148 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Steven Struhl
|
| | | | 31,940 | | | | | | 0 | | | | | | 13,970 | | | | | | 0 | | | | | | 17,970 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Superius Securities Group Inc. Profit Sharing
Plan*(67) |
| | | | 50,239 | | | | | | 0 | | | | | | 50,239 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Ted Cooper
|
| | | | 118,270 | | | | | | 0 | | | | | | 88,770 | | | | | | 0 | | | | | | 29,500 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Thaddeus M. Bort(68)
|
| | | | 11,151 | | | | | | 0 | | | | | | 10,101 | | | | | | 0 | | | | | | 1,050 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
The Monte R. Black Trust AGM DTD 9/17/2008 As Amended(69)
|
| | | | 86,176 | | | | | | 0 | | | | | | 84,626 | | | | | | 0 | | | | | | 1,550 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Thomas Canepa(70)
|
| | | | 698,059 | | | | | | 0 | | | | | | 13,970 | | | | | | 0 | | | | | | 684,089 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Thomas T. George
|
| | | | 27,376 | | | | | | 0 | | | | | | 27,376 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Thomas Wolfe
|
| | | | 57,125 | | | | | | 0 | | | | | | 56,512 | | | | | | 0 | | | | | | 613 | | | | | | ** | | | | | | 0 | | | | | | 0 | | |
Troutman Family LP(71)
|
| | | | 12,626 | | | | | | 0 | | | | | | 12,626 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Variable Insurance Products Fund III: Growth Opportunities Portfolio*(24)
|
| | | | 130,761 | | | | | | 0 | | | | | | 130,761 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Vark Investments LLC
|
| | | | 1,278,134 | | | | | | 16,918 | | | | | | 1,278,134 | | | | | | 16,918 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Vincent & Thomas Iannelli TEN COM
|
| | | | 48,430 | | | | | | 0 | | | | | | 48,430 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Walter K. Giles*
|
| | | | 7,576 | | | | | | 0 | | | | | | 7,576 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
William B. Summers Jr.
|
| | | | 55,881 | | | | | | 0 | | | | | | 55,881 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Zachary L. Ring
|
| | | | 1,882 | | | | | | 720 | | | | | | 1,882 | | | | | | 720 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Zachary M. Guy
|
| | | | 40,514 | | | | | | 40,514 | | | | | | 40,514 | | | | | | 40,514 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Zuo Xiang
|
| | | | 35,354 | | | | | | 0 | | | | | | 35,354 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
TOTAL:
|
| | | | 75,675,029 | | | | | | 2,288,110 | | | | | | 72,133,238 | | | | | | 2,288,110 | | | | | | 3,338,858 | | | | | | 1.70% | | | | | | | | | | | | | | |
Redemption Date
(period to expiration of Warrants) |
| |
Fair Market Value of Class A Common Stock
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
|
$10.00
|
| |
$11.00
|
| |
$12.00
|
| |
$13.00
|
| |
$14.00
|
| |
$15.00
|
| |
$16.00
|
| |
$17.00
|
| |
$18.00
|
| |||||||||||||||||||||||||||||
57 months
|
| | | | 0.257 | | | | | | 0.277 | | | | | | 0.294 | | | | | | 0.310 | | | | | | 0.324 | | | | | | 0.337 | | | | | | 0.348 | | | | | | 0.358 | | | | | | 0.365 | | |
54 months
|
| | | | 0.252 | | | | | | 0.272 | | | | | | 0.291 | | | | | | 0.307 | | | | | | 0.322 | | | | | | 0.335 | | | | | | 0.347 | | | | | | 0.357 | | | | | | 0.365 | | |
51 months
|
| | | | 0.246 | | | | | | 0.268 | | | | | | 0.287 | | | | | | 0.304 | | | | | | 0.320 | | | | | | 0.333 | | | | | | 0.346 | | | | | | 0.357 | | | | | | 0.365 | | |
48 months
|
| | | | 0.241 | | | | | | 0.263 | | | | | | 0.283 | | | | | | 0.301 | | | | | | 0.317 | | | | | | 0.332 | | | | | | 0.344 | | | | | | 0.356 | | | | | | 0.365 | | |
45 months
|
| | | | 0.235 | | | | | | 0.258 | | | | | | 0.279 | | | | | | 0.298 | | | | | | 0.315 | | | | | | 0.330 | | | | | | 0.343 | | | | | | 0.356 | | | | | | 0.365 | | |
42 months
|
| | | | 0.228 | | | | | | 0.252 | | | | | | 0.274 | | | | | | 0.294 | | | | | | 0.312 | | | | | | 0.328 | | | | | | 0.342 | | | | | | 0.355 | | | | | | 0.364 | | |
39 months
|
| | | | 0.221 | | | | | | 0.246 | | | | | | 0.269 | | | | | | 0.290 | | | | | | 0.309 | | | | | | 0.325 | | | | | | 0.340 | | | | | | 0.354 | | | | | | 0.364 | | |
36 months
|
| | | | 0.213 | | | | | | 0.239 | | | | | | 0.263 | | | | | | 0.285 | | | | | | 0.305 | | | | | | 0.323 | | | | | | 0.339 | | | | | | 0.353 | | | | | | 0.364 | | |
33 months
|
| | | | 0.205 | | | | | | 0.232 | | | | | | 0.257 | | | | | | 0.280 | | | | | | 0.301 | | | | | | 0.320 | | | | | | 0.337 | | | | | | 0.352 | | | | | | 0.364 | | |
30 months
|
| | | | 0.196 | | | | | | 0.224 | | | | | | 0.250 | | | | | | 0.274 | | | | | | 0.297 | | | | | | 0.316 | | | | | | 0.335 | | | | | | 0.351 | | | | | | 0.364 | | |
27 months
|
| | | | 0.185 | | | | | | 0.214 | | | | | | 0.242 | | | | | | 0.268 | | | | | | 0.291 | | | | | | 0.313 | | | | | | 0.332 | | | | | | 0.350 | | | | | | 0.364 | | |
24 months
|
| | | | 0.173 | | | | | | 0.204 | | | | | | 0.233 | | | | | | 0.260 | | | | | | 0.285 | | | | | | 0.308 | | | | | | 0.329 | | | | | | 0.348 | | | | | | 0.364 | | |
21 months
|
| | | | 0.161 | | | | | | 0.193 | | | | | | 0.223 | | | | | | 0.252 | | | | | | 0.279 | | | | | | 0.304 | | | | | | 0.326 | | | | | | 0.347 | | | | | | 0.364 | | |
18 months
|
| | | | 0.146 | | | | | | 0.179 | | | | | | 0.211 | | | | | | 0.242 | | | | | | 0.271 | | | | | | 0.298 | | | | | | 0.322 | | | | | | 0.345 | | | | | | 0.363 | | |
15 months
|
| | | | 0.130 | | | | | | 0.164 | | | | | | 0.197 | | | | | | 0.230 | | | | | | 0.262 | | | | | | 0.291 | | | | | | 0.317 | | | | | | 0.342 | | | | | | 0.363 | | |
12 months
|
| | | | 0.111 | | | | | | 0.146 | | | | | | 0.181 | | | | | | 0.216 | | | | | | 0.250 | | | | | | 0.282 | | | | | | 0.312 | | | | | | 0.339 | | | | | | 0.363 | | |
9 months
|
| | | | 0.090 | | | | | | 0.125 | | | | | | 0.162 | | | | | | 0.199 | | | | | | 0.237 | | | | | | 0.272 | | | | | | 0.305 | | | | | | 0.336 | | | | | | 0.362 | | |
6 months
|
| | | | 0.065 | | | | | | 0.099 | | | | | | 0.137 | | | | | | 0.178 | | | | | | 0.219 | | | | | | 0.259 | | | | | | 0.296 | | | | | | 0.331 | | | | | | 0.362 | | |
3 months
|
| | | | 0.034 | | | | | | 0.065 | | | | | | 0.104 | | | | | | 0.150 | | | | | | 0.197 | | | | | | 0.243 | | | | | | 0.286 | | | | | | 0.326 | | | | | | 0.361 | | |
0 months
|
| | | | — | | | | | | — | | | | | | 0.042 | | | | | | 0.115 | | | | | | 0.179 | | | | | | 0.233 | | | | | | 0.281 | | | | | | 0.323 | | | | | | 0.361 | | |
| | |
Page
|
| |||
| | | | F-2 | | | |
| | | | F-4 | | | |
Financial Statements. | | | | | | | |
| | | | F-8 | | | |
| | | | F-9 | | | |
| | | | F-10 | | | |
| | | | F-11 | | | |
| | | | F-12 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
ASSETS:
|
| | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 244,016 | | | | | $ | 629,761 | | |
Accounts receivable
|
| | | | — | | | | | | 21 | | |
Prepaid expenses and other current assets
|
| | | | 47,121 | | | | | | 24,663 | | |
Total current assets
|
| | | $ | 291,137 | | | | | $ | 654,445 | | |
Property, plant and equipment
|
| | | | 382,746 | | | | | | 101,663 | | |
Intangible assets
|
| | | | 1,000 | | | | | | 11,111 | | |
Other non-current assets
|
| | | | 13,900 | | | | | | — | | |
Total Assets
|
| | | $ | 688,783 | | | | | $ | 767,219 | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY:
|
| | | | | | | | | | | | |
Current Liabilities | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 12,098 | | | | | $ | 32,536 | | |
Accrued and other current liabilities
|
| | | | 35,507 | | | | | | 1,538 | | |
Purchase price down payment from Foxconn
|
| | | | 100,000 | | | | | | — | | |
Total current liabilities
|
| | | $ | 147,605 | | | | | $ | 34,074 | | |
Note payable
|
| | | | — | | | | | | 1,015 | | |
Warrant and other non-current liabilities
|
| | | | 1,578 | | | | | | 101,392 | | |
Total liabilities
|
| | | $ | 149,183 | | | | | $ | 136,481 | | |
Stockholders’ equity | | | | | | | | | | | | | |
Class A common stock, $0.0001 par value, 300,000,000 shares authorized; 196,391,349 and 168,007,960 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively
|
| | | $ | 19 | | | | | $ | 17 | | |
Additional paid in capital
|
| | | | 1,084,390 | | | | | | 765,162 | | |
Accumulated deficit
|
| | | | (544,809) | | | | | | (134,441) | | |
Total stockholders’ equity
|
| | | $ | 539,600 | | | | | $ | 630,738 | | |
Total liabilities and stockholders’ equity
|
| | | $ | 688,783 | | | | | $ | 767,219 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
For the period
from April 30, 2019 to December 31, 2019 |
| |||||||||
Net sales
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
Operating expenses | | | | | | | | | | | | | | | | | | | |
Selling, general and administrative expenses
|
| | | | 105,362 | | | | | | 31,316 | | | | | | 4,526 | | |
Research and development expenses
|
| | | | 284,016 | | | | | | 70,967 | | | | | | 5,865 | | |
Amortization of intangible assets
|
| | | | 11,111 | | | | | | — | | | | | | — | | |
Total operating expenses
|
| | | $ | 400,489 | | | | | $ | 102,283 | | | | | $ | 10,391 | | |
Loss from operations
|
| | | $ | (400,489) | | | | | $ | (102,283) | | | | | $ | (10,391) | | |
Other (expense) income | | | | | | | | | | | | | | | | | | | |
Other expense
|
| | | | (10,079) | | | | | | (20,866) | | | | | | — | | |
Interest income (expense)
|
| | | | 200 | | | | | | (901) | | | | | | — | | |
Loss before income taxes
|
| | | $ | (410,368) | | | | | $ | (124,050) | | | | | $ | (10,391) | | |
Income tax expense
|
| | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | $ | (410,368) | | | | | $ | (124,050) | | | | | $ | (10,391) | | |
Loss per share attributable to common shareholders
|
| | | | | | | | | | | | | | | | | | |
Basic & Diluted
|
| | | | (2.27) | | | | | | (1.28) | | | | | | (0.15) | | |
Weighted-average number of common shares outstanding
|
| | | | | | | | | | | | | | | | | | |
Basic & Diluted
|
| | | | 180,722 | | | | | | 96,716 | | | | | | 68,279 | | |
| | |
Common Stock
|
| |
Additional
Paid-In Capital |
| |
Accumulated
Deficit |
| |
Total
Stockholders’ Equity |
| ||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||
Inception at April 30, 2019
|
| |
—
|
| |
$—
|
| |
$—
|
| |
$—
|
| |
$—
|
| |||||||||||||||
Issuance of common stock
|
| | | | 68,279 | | | | | | 7 | | | | | | 18,598 | | | | | | — | | | | | | 18,605 | | |
Stock compensation
|
| | | | — | | | | | | — | | | | | | 342 | | | | | | — | | | | | | 342 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (10,391) | | | | | | (10,391) | | |
Balance at December 31, 2019
|
| | | | 68,279 | | | | | $ | 7 | | | | | $ | 18,940 | | | | | $ | (10,391) | | | | | $ | 8,556 | | |
Issuance of common stock
|
| | | | 8,652 | | | | | | 2 | | | | | | 6,437 | | | | | | — | | | | | | 6,439 | | |
Common stock issued for conversion of notes payable
|
| | | | 4,032 | | | | | | — | | | | | | 38,725 | | | | | | — | | | | | | 38,725 | | |
Common stock issued for exercise of warrants
|
| | | | 2,669 | | | | | | — | | | | | | 53,724 | | | | | | — | | | | | | 53,724 | | |
Common stock issued in recapitalization, net
of redemptions and transaction costs |
| | | | 84,376 | | | | | | 8 | | | | | | 644,581 | | | | | | — | | | | | | 644,589 | | |
Stock compensation
|
| | | | | | | | | | — | | | | | | 2,755 | | | | | | — | | | | | | 2,755 | | |
Net loss
|
| | | | | | | | | | — | | | | | | — | | | | | | (124,050) | | | | | | (124,050) | | |
Balance at December 31, 2020
|
| | | | 168,008 | | | | | $ | 17 | | | | | $ | 765,162 | | | | | $ | (134,441) | | | | | $ | 630,738 | | |
Issuance of common stock
|
| | | | 3,559 | | | | | | — | | | | | | 6,368 | | | | | | — | | | | | | 6,368 | | |
Common stock issued for exercise of warrants
|
| | | | 7,984 | | | | | | 1 | | | | | | 194,797 | | | | | | — | | | | | | 194,798 | | |
Common stock issued for YA
|
| | | | 9,592 | | | | | | 1 | | | | | | 49,374 | | | | | | — | | | | | | 49,375 | | |
Common stock issued for Foxconn
|
| | | | 7,248 | | | | | | — | | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Stock compensation
|
| | | | — | | | | | | — | | | | | | 18,689 | | | | | | — | | | | | | 18,689 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (410,368) | | | | | | (410,368) | | |
Balance at December 31, 2021
|
| | | | 196,391 | | | | | $ | 19 | | | | | $ | 1,084,390 | | | | | $ | (544,809) | | | | | $ | 539,600 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
For the period from
April 30, 2019 to December 31, 2019 |
| |||||||||
Cash flows from operating activities
|
| | | | | | | | | | | | | | | | | | |
Net loss
|
| | | $ | (410,368) | | | | | $ | (124,050) | | | | | $ | (10,391) | | |
Adjustments to reconcile net loss to cash used by operating activities:
|
| | | | | | | | | | | | | | | | | | |
Stock-based compensation
|
| | | | 18,689 | | | | | | 2,755 | | | | | | 342 | | |
Non-cash change in fair value related to warrants
|
| | | | 11,873 | | | | | | 23,493 | | | | | | — | | |
Amortization of intangible assets
|
| | | | 11,111 | | | | | | — | | | | | | — | | |
Forgiveness of note payable
|
| | | | (1,015) | | | | | | — | | | | | | — | | |
Gain on disposal of fixed assets
|
| | | | — | | | | | | (2,346) | | | | | | — | | |
Changes in assets and liabilities:
|
| | | | | | | | | | | | | | | | | | |
Accounts receivables
|
| | | | 21(21) | | | | | | — | | | | | | | | |
Prepaid expenses and other assets
|
| | | | (34,124) | | | | | | (24,663) | | | | | | — | | |
Accounts payable
|
| | | | (17,008) | | | | | | 25,767 | | | | | | 1,801 | | |
Accrued expenses and other liabilities
|
| | | | 32,831 | | | | | | (531) | | | | | | 3,046 | | |
Cash used by operating activities
|
| | | $ | (387,990) | | | | | $ | (99,596) | | | | | $ | (5,202) | | |
| | | | | | | | | | | | | | | | | — | | |
Cash flows from investing activities | | | | | | | | | | | | | | | | | | | |
Purchases of capital assets
|
| | | $ | (284,514) | | | | | $ | (52,645) | | | | | $ | (133) | | |
Purchase of intangible assets
|
| | | | (1,000) | | | | | | — | | | | | | — | | |
Proceeds from the sale of capital assets
|
| | | | — | | | | | | 2,396 | | | | | | — | | |
Cash used by investing activities
|
| | | $ | (285,514) | | | | | $ | (50,249) | | | | | $ | (133) | | |
Cash flows from financing activities | | | | | | | | | | | | | | | | | | | |
Down payment received from Foxconn
|
| | | $ | 100,000 | | | | | $ | — | | | | | $ | — | | |
Cash proceeds from exercise of warrants
|
| | | | 82,016 | | | | | | 30,692 | | | | | | — | | |
Proceeds from Equity Purchase Agreement, net of issuance costs
|
| | | | 49,375 | | | | | | — | | | | | | — | | |
Cash received in recapitalization, net of transaction costs
|
| | | | — | | | | | | 701,520 | | | | | | — | | |
Cash received from Foxconn Subscription Agreement
|
| | | | 50,000 | | | | | | — | | | | | | — | | |
Issuance of common stock
|
| | | | 6,368 | | | | | | 6,439 | | | | | | 7,494 | | |
Proceeds from notes payable
|
| | | | — | | | | | | 38,796 | | | | | | — | | |
Cash provided by financing activities
|
| | | $ | 287,759 | | | | | $ | 777,447 | | | | | $ | 7,494 | | |
(Decrease) increase in cash and cash equivalents
|
| | | $ | (385,745) | | | | | $ | 627,602 | | | | | $ | 2,159 | | |
Cash and cash equivalents, beginning balance
|
| | | | 629,761 | | | | | | 2,159 | | | | | | — | | |
Cash and cash equivalents, ending balance
|
| | | $ | 244,016 | | | | | $ | 629,761 | | | | | $ | 2,159 | | |
Non-cash items | | | | | | | | | | | | | | | | | | | |
Conversion of notes payable to equity
|
| | | $ | — | | | | | $ | 38,725 | | | | | $ | — | | |
Capital assets acquired with payables
|
| | | $ | 2,162 | | | | | $ | 5,592 | | | | | $ | 20,142 | | |
Capital assets exchanged for equity
|
| | | $ | — | | | | | $ | 23,200 | | | | | $ | — | | |
Common stock issued in exchange for intangible assets
|
| | | $ | — | | | | | $ | — | | | | | $ | 11,111 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| ||||||
Public Warrants
|
| | | $ | (27,180) | | | | | $ | (17,920) | | |
Private Warrants
|
| | | | 15,307 | | | | | | (5,573) | | |
Net loss on changes in fair value
|
| | | $ | (11,873) | | | | | $ | (23,493) | | |
| | |
Total
|
| |
Quoted prices in
active markets (Level 1) |
| |
Prices with
observable inputs (Level 2) |
| |
Prices with
unobservable inputs (Level 3) |
| ||||||||||||
December 31, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 244,016 | | | | | $ | 244,016 | | | | | $ | — | | | | | $ | — | | |
Public Warrants
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Private Warrants
|
| | | | 485 | | | | | | — | | | | | | — | | | | | | 485 | | |
| | |
Total
|
| |
Quoted prices in
active markets (Level 1) |
| |
Prices with
observable inputs (Level 2) |
| |
Prices with
unobservable inputs (Level 3) |
| ||||||||||||
December 31, 2020 | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 629,761 | | | | | $ | 629,761 | | | | | $ | — | | | | | $ | — | | |
Public Warrants
|
| | | | 57,515 | | | | | | 57,515 | | | | | | — | | | | | | — | | |
Private Warrants
|
| | | | 43,877 | | | | | | — | | | | | | — | | | | | | 43,877 | | |
| | |
Balance at
December 31, 2020 |
| |
Additions
|
| |
Settlements
|
| |
Loss / (Gain) on fair
value adjustments included in earnings |
| |
Balance at
December 31, 2021 |
| |||||||||||||||
Private Warrants
|
| | | $ | 43,877 | | | | | | — | | | | | | (28,085) | | | | | | (15,307) | | | | | $ | 485 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Property, Plant & Equipment | | | | | | | | | | | | | |
Land
|
| | | $ | 326 | | | | | $ | 326 | | |
Buildings
|
| | | | 6,223 | | | | | | 6,223 | | |
Machinery and equipment
|
| | | | 38,608 | | | | | | 38,443 | | |
Vehicles
|
| | | | 465 | | | | | | 142 | | |
Construction in progress
|
| | | | 337,124 | | | | | | 56,529 | | |
| | | | $ | 382,746 | | | | | $ | 101,663 | | |
Less: Accumulated depreciation
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 382,746 | | | | | $ | 101,663 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| |
December 31,
2019 |
| |||||||||
Risk-free interest rate
|
| | | | 0.39% | | | | | | 1.59% | | | | | | 1.73-1.93% | | |
Expected term (life) of options (in years)
|
| | | | 3.86 | | | | | | 10.0 | | | | | | 10.0 | | |
Expected dividends
|
| | | | —% | | | | | | —% | | | | | | —% | | |
Expected volatility
|
| | | | 50% | | | | | | 50% | | | | | | 50% | | |
| | |
Number of
Options |
| |
Weighted Average
Exercise Price |
| |
Weighted Average
Term (Years) |
| |
Aggregate
Intrinsic Value ($000’s) |
| ||||||||||||
Outstanding, April 30, 2019
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | |
Granted
|
| | | | 4,436 | | | | | | 1.79 | | | | | | | | | | | | | | |
Exercised
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Forfeited
|
| | | | (84) | | | | | | 1.79 | | | | | | | | | | | | | | |
Expired
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Outstanding, December 31, 2019
|
| | | | 4,352 | | | | | $ | 1.79 | | | | | | 8.9 | | | | | $ | | | |
Granted
|
| | | | 1,021 | | | | | | 1.79 | | | | | | | | | | | | | | |
Exercised
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Forfeited
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Expired
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Outstanding, December 31, 2020
|
| | | | 5,373 | | | | | $ | 1.79 | | | | | | 9.0 | | | | | $ | | | |
Granted
|
| | | | 5,545 | | | | | | 14.90 | | | | | | | | | | | | | | |
Exercised
|
| | | | (3,559) | | | | | | 1.79 | | | | | | | | | | | | | | |
Forfeited
|
| | | | (618) | | | | | | 22.60 | | | | | | | | | | | | | | |
Outstanding, December 31, 2021
|
| | | | 6,741 | | | | | $ | 10.67 | | | | | | 7.8 | | | | | $ | 2,967 | | |
Exercisable, December 31, 2021
|
| | | | 1,340 | | | | | $ | 1.79 | | | | | | 3.2 | | | | | $ | 2,224 | | |
| | | | | | | | |
Options Outstanding
|
| |
Options Exercisable
|
| ||||||||||||||||||
Range of
Exercise Prices |
| |
Options
Outstanding |
| |
Weighted Average
Remaining Contractual Term |
| |
Weighted Average
Exercise Price |
| |
Options
Exercisable |
| |
Weighted Average
Exercise Price |
| |||||||||||||||
$1.79 – $1.79
|
| | | | 1,787 | | | | | | 4.4 | | | | | $ | 1.79 | | | | | | 1,340 | | | | | $ | 1.79 | | |
$4.11 – $5.69
|
| | | | 1,758 | | | | | | 9.6 | | | | | $ | 5.37 | | | | | | — | | | | | | — | | |
$5.85 – $11.41
|
| | | | 1,475 | | | | | | 9.2 | | | | | $ | 9.51 | | | | | | — | | | | | | — | | |
$16.22 – $16.22
|
| | | | 78 | | | | | | 9.2 | | | | | $ | 16.22 | | | | | | — | | | | | | — | | |
$26.77 – $26.77
|
| | | | 1,643 | | | | | | 8.3 | | | | | $ | 26.77 | | | | | | — | | | | | | — | | |
| | | | | 6,741 | | | | | | 7.8 | | | | | $ | 10.67 | | | | | | 1,340 | | | | | $ | 1.79 | | |
| | |
Shares
|
| |
Weighted AverageGrant Date
Fair Value |
| |
Aggregate
Intrinsic Value As of 12/31/2021 |
| |||||||||
Outstanding, December 31, 2020
|
| | | | — | | | | | | — | | | | | | | | |
Awarded
|
| | | | 6,414 | | | | | $ | 8.88 | | | | | | | | |
Released
|
| | | | — | | | | | | — | | | | | | | | |
Forfeited
|
| | | | (152) | | | | | $ | 12.65 | | | | | | | | |
Outstanding, December 31, 2021
|
| | | | 6,262 | | | | | $ | 8.78 | | | | | $ | 18,841 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
For the period from
April 30, 2019 to December 31, 2019 |
| |||||||||
Basic and diluted weighted average shares outstanding
|
| | | | 180,722 | | | | | | 96,716 | | | | | | 68,279 | | |
| | |
2021
|
| |
Rate
|
| |
2020
|
| |
Rate
|
| |
2019
|
| |
Rate
|
| ||||||||||||||||||
Federal tax benefit as statutory rates
|
| | | $ | (86,177) | | | | | | (21.0)% | | | | | $ | (26,050) | | | | | | (21.0)% | | | | | $ | (2,182) | | | | | | (21.0)% | | |
Stock based compensation
|
| | | | (1,004) | | | | | | (0.2) | | | | | | 192 | | | | | | 0.2 | | | | | | 21 | | | | | | 0.2 | | |
Other permanent differences
|
| | | | 60 | | | | | | — | | | | | | 32 | | | | | | — | | | | | | 1 | | | | | | — | | |
Research and development credit
|
| | | | (68) | | | | | | — | | | | | | — | | | | | | — | | | | | | 0 | | | | | | | | |
State & Local Taxes/ Other
|
| | | | (3,234) | | | | | | (0.8) | | | | | | — | | | | | | — | | | | | | — | | | | | | | | |
Change in valuation allowance
|
| | | | 90,423 | | | | | | 22.0 | | | | | | 25,826 | | | | | | 20.8 | | | | | | 2,160 | | | | | | 20.8 | | |
Total tax benefit
|
| | | $ | — | | | | | | —% | | | | | $ | — | | | | | | —% | | | | | $ | — | | | | | | —% | | |
| | |
2021
|
| |
2020
|
| ||||||
Deferred tax assets: | | | | | | | | | | | | | |
Share based compensation
|
| | | $ | 2,288 | | | | | $ | 436 | | |
Intangible assets and other
|
| | | | 1,984 | | | | | | — | | |
Research and development credit
|
| | | | 136 | | | | | | — | | |
Net operating losses
|
| | | | 113,999 | | | | | | 27,550 | | |
Total deferred tax assets
|
| | | | 118,407 | | | | | | 27,986 | | |
Valuation allowance
|
| | | | (118,407) | | | | | | (27,986) | | |
Total deferred tax assets, net of valuation allowance
|
| | | $ | — | | | | | $ | — | | |