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Redeemable Convertible Preferred Shares
6 Months Ended
Jun. 30, 2022
Temporary Equity Disclosure [Abstract]  
Redeemable Convertible Preferred Shares
7.
Redeemable Convertible Preferred Shares

 

On June 1, 2021, the Company completed its IPO, selling an aggregate of 11,500,000 shares of common stock. All outstanding redeemable convertible preferred shares were converted into 32,489,398 shares of common stock upon the completion of the IPO. As of June 30, 2022, the Company did not have any outstanding shares of redeemable convertible preferred shares.

 

In February 2021, the Company issued 9,638,141 Series B redeemable convertible preferred shares at a price of $13.488 per share for gross cash proceeds of $130.0 million. The Company incurred issuance costs of $243,000.