Redeemable Convertible Preferred Stock

12 Months Ended

Jun. 30, 2020

NOTE 8 – REDEEMABLE CONVERTIBLE PREFERRED STOCK

Upon the completion of the IPO, all shares of the Company’s outstanding redeemable convertible preferred stock were converted into 52,434,505 shares of common stock and the carrying value, totaling $276.3 million, was reclassified to common stock and additional paid-in capital.

At June 30, 2019, redeemable convertible preferred stock consisted of the following (in thousands):

	Shares authorized		Shares issued and outstanding		Liquidation preference		Gross proceeds
Series A		5,400		2,700	$	2,106	$	2,106
Series B		21,733		10,815		15,790		15,790
Series C		9,197		4,599		8,500		8,500
Series D		12,425		6,200		15,500		15,500
Series E		17,512		8,756		35,200		35,200
Series E-1		1,393		697		2,800		2,800
Series F		9,756		4,878		29,750		29,750
Series F-1		82		41		250		250
Series G		16,892		8,446		82,500		82,500
Series H		11,700		5,303		88,117		88,117
Total		106,090		52,435	$	280,513	$	280,513