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Capitalization (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Capitalization    
Summary of original issuance price per share and authorized and outstanding number of shares of convertible preferred stock

The following table summarizes Legacy Forge’s convertible preferred stock as of December 31, 2021 (in thousands, except for share data):

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As of December 31, 2021

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​

​

​

​

Number

​

Number

​

Carrying

​

Aggregate

​

​

Original

​

of Shares

​

of Shares

​

Value Net of

​

Liquidation

Series Name

    

Issuance Price

    

Authorized

    

Outstanding

    

Issuance Costs

    

Preference

Series AA

​

$

0.9867

​

3,482,030

​

3,482,030

​

$

3,435

​

$

3,435

Series B

​

$

3.4132

​

20,660,715

​

20,660,715

​

​

70,045

​

​

70,519

Series B-1

​

$

3.9760

​

49,809,148

​

42,133,496

​

​

150,553

​

​

167,523

Series B-2

​

$

3.9760

 

2,515,083

 

412,623

 

​

1,640

​

 

1,640

Junior

​

$

3.9760

 

10,348,216

 

7,225,285

 

​

20,383

​

 

28,728

Total

​

 

​

 

86,815,192

​

73,914,149

​

$

246,056

​

$

271,845

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

As of December 31, 2021

​

​

Original

​

Number of

​

Number of

​

Carrying

​

Aggregate

​

​

Issuance

​

Shares

​

Shares

​

Value Net of

​

Liquidation

Series Name

​

Price

    

Authorized

    

Outstanding

    

Issuance Costs

    

Preference

Series AA

​

$

3.0817

​

1,114,988

​

​

1,114,988

​

$

3,435

​

$

3,435

Series B

​

$

10.6592

 

6,615,809

 

​

6,615,809

 

​

70,045

​

 

70,519

Series B-1

​

$

12.4168

 

15,949,487

 

​

13,491,651

 

​

150,553

​

 

167,523

Series B-2

​

$

12.4168

​

805,360

​

​

132,127

​

​

1,640

​

​

1,640

Junior

​

$

12.4168

 

3,313,623

 

​

2,313,623

 

​

20,383

​

 

28,728

Total

​

​

​

 

27,799,267

​

​

23,668,198

​

$

246,056

​

$

271,845

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2020

​

​

Original

​

Number of

​

Number of

​

Carrying

​

Aggregate

​

​

Issuance

​

Shares

​

Shares

​

Value Net of

​

Liquidation

Series Name

    

Price

    

Authorized

    

Outstanding

    

Issuance Costs

    

Preference

Series AA

​

$

3.0817

 

1,114,988

 

1,114,988

​

$

3,435

​

$

3,435

Series B

​

$

10.6592

 

6,615,809

 

6,615,809

​

 

70,045

​

 

70,519

Series B-1

​

$

12.4168

 

10,435,129

 

5,672,925

​

​

62,985

​

​

70,440

Junior

​

$

12.4168

​

4,354,089

​

2,313,623

​

​

20,383

​

​

28,728

Total

​

​

​

 

22,520,015

​

15,717,345

​

$

156,848

​

$

173,122

​

Summary of shares of common stock reserved for future issuance  

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​

​

​

​

As of December 31, 

​

    

2021

    

2020

Conversion of convertible preferred stock

​

27,799,267

​

22,520,015

Warrants to purchase convertible preferred stock

​

1,133,725

​

1,133,725

Warrants to purchase common stock

 

74,895

 

74,895

Shares available for grant under 2018 Plan

 

363,095

 

1,861,856

Stock options issued and outstanding under 2018 Plan

 

5,031,310

 

3,209,063

Total shares of common stock reserved

 

34,402,292

 

28,799,554