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Simple Agreements for Future Equity (SAFE)
12 Months Ended
Dec. 31, 2021
Other Liabilities Disclosure [Abstract]  
Simple Agreements for Future Equity (SAFE) Simple Agreements for Future Equity (SAFE)
Between April 2016 and May 2019, the Company issued SAFE notes that allowed the investors to participate in future equity financings through a share-settled redemption of the amount invested.
On June 24, 2019, in connection with the sale of the Series A preferred stock, the SAFE notes were settled by issuance of 68,877,417 shares of Series A preferred stock and 3,612,062 shares of common stock. The SAFE notes were marked to fair value as of the settlement date, resulting in a charge for the increase in fair value of $24.2 million during the year ended December 31, 2019. One SAFE note was settled in cash for $5.6 million in 2019, resulting in an immaterial loss on settlement. No SAFE notes have been outstanding since December 31, 2019.