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Business Combination (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Summary of Net Proceeds from Business Combination

The following table summarizes the elements of the net proceeds from the Business Combination as of December 31, 2021 (in thousands):

 

Cash - SRNG Trust and cash (net of redemptions)

 

$

857,747

 

Cash - PIPE Investment

 

 

760,000

 

Less: Payment of underwriter fees and other offering costs

 

 

(108,118

)

Net proceeds from the Business Combination

 

$

1,509,629

 

Schedule of Business Combination Common Stock Shares Outstanding

The following table summarizes the number of shares of common stock outstanding immediately following the consummation of the Business Combination:

 

SRNG shares outstanding prior to the Business Combination

 

 

215,625,000

 

Less: redemption of SRNG shares prior to the Business Combination

 

 

(86,725,312

)

Less: SRNG shares forfeited

 

 

(11,534,052

)

Common stock of SRNG (1)

 

 

117,365,636

 

Shares issued pursuant to the PIPE Investment

 

 

76,000,000

 

Business Combination and PIPE Investment shares

 

 

193,365,636

 

Conversion of Old Ginkgo Series B preferred stock to common stock

 

 

203,346,152

 

Conversion of Old Ginkgo Series C preferred stock to common stock

 

 

228,641,430

 

Conversion of Old Ginkgo Series D preferred stock to common stock

 

 

302,464,716

 

Conversion of Old Ginkgo Series E preferred stock to common stock

 

 

170,227,108

 

Conversion of Old Ginkgo common stock (2)

 

 

387,016,194

 

Total shares of New Ginkgo common stock outstanding immediately following the Business Combination

 

 

1,485,061,236