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Stockholders’ Equity (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Stockholders' Equity Note [Abstract]    
Schedule of number of authorized, issued and outstanding stock
   March 31, 2023 
   Authorized
Shares
   Issued and
Outstanding
Shares
 
Class A Common Stock   1,690,000,000    838,872,039 
Class B Common Stock   75,000,000    64,000,588 
Preferred Stock   10,000,000    
-
 
    1,775,000,000    902,872,627 

 

   December 31, 2022 
   Authorized
Shares
   Issued and
Outstanding
Shares
 
Class A Common Stock   815,000,000    563,346,216 
Class B Common Stock   75,000,000    64,000,588 
Preferred Stock   10,000,000    
-
 
    890,000,000    627,346,804 

 

   December 31, 2022 
  

Authorized
Shares

   Issued
Shares
 
Preferred Stock   10,000,000    
 
Class A Common Stock   815,000,000    563,346,216 
Class B Common Stock   75,000,000    64,000,588 
    900,000,000    627,346,804 

 

   December 31, 2021 
  

Authorized
Shares

   Issued
Shares
   Shares to be
Issued
   Total Issued
and to be
Issued Shares
 
Preferred Stock   10,000,000    
    
    
 
Class A Common Stock   750,000,000    168,693,323    89,152,130    257,845,453 
Class B Common Stock   75,000,000    
    64,000,588    64,000,588 
    835,000,000    168,693,323    153,152,718    321,846,041 

 

Schedule of outstanding warrants
   Number of
Warrants
   Exercise Price   Expiration Date
SPA Warrants   93,571,419   $0.23 to $5.00   Various through September 23, 2029
Other warrants   29,454,593   $0.23   August 5, 2027
Public Warrants   23,540,988   $11.50   July 21, 2026
Private Warrants   111,131   $11.50   July 21, 2026
Total   146,678,131         

 

   Number of
Warrants
   Exercise Price   Expiration Date
SPA Warrants   346,453,115   $0.23   Various through September 23, 2029
ATW NPA Warrants(1)   76,804,450   $0.23   Various through August 10, 2028
Other warrants   29,454,593   $0.23   August 5, 2027
Public Warrants(2)   23,540,988   $11.50   July 21, 2026
Private Warrants(3)   111,131   $11.50   July 21, 2026
Total   476,364,277         

 

(1)The ATW NPA Warrants were fully exercised during the three months ended March 31, 2023, through which the Company received aggregated proceeds of $0.3 million which was recorded as an increase to Additional paid-in capital.

 

(2)During 2022, PSAC Sponsor transferred 563,420 Private Warrants to unaffiliated third-party purchasers on the open market. Upon such transfer the transferred warrants became subject to identical terms to the Public Warrants underlying the units offered in the initial public offering of PSAC. Therefore, upon their transfer the Company classified the warrants to APIC at their fair value.

 

(3)The Private Warrants are recorded in Other liabilities, less current portion in the Consolidated Balance Sheets as of December 31, 2022.

 

   Number of
Warrants
   Exercise
Price
   Expiration
Date
SPA Warrants(1)   346,453,115   $0.23   Various through September 23, 2029
ATW NPA Warrants(2)   76,804,450   $0.23   Various through August 10, 2028
Other warrants   29,454,593   $0.23   August 5, 2027
Public Warrants(3)   23,540,988   $11.50   July 21, 2026
Private Warrants(4)   111,131   $11.50   July 21, 2026
Total   476,364,277         

 

(1)The warrants were issued pursuant to the SPA and recorded at fair value at each issuance date and at each reporting date.

 

(2)The ATW NPA Warrants were exercised in full after the balance sheet date (see Note 18, Subsequent Events).

 

(3)During 2022, PSAC Sponsor transferred 563,420 Private Warrants to unaffiliated third-party purchasers on the open market. Upon such transfer the transferred warrants became subject to identical terms to the Public Warrants underlying the units offered in the initial public offering of PSAC. Therefore, upon their transfer the Company classified the warrants to APIC at their fair value.

 

(4)The Private Warrants are recorded in Other liabilities, less current portion in the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021.

 

   Number of
warrants
   Exercise
Price
   Expiration
Date
Public Warrants   22,977,568   $11.50   July 21, 2026
Private Warrants(1)   674,551   $11.50   July 21, 2026
Other warrants   4,544,258   $10.00   Various through August 10, 2028
Total   28,196,377         

 

(1)The Private Warrants are recorded in Other liabilities, less current portion in the Consolidated Balance Sheet as of December 31, 2021.