Stockholders' Equity

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity

10. Stockholders’ Equity

Conversion of Common Class B to Class A

During the three and six months ended June 30, 2022, respectively, 1,787,043 and 2,787,043 shares of Class B common stock were converted into shares of Class A common stock upon transfer pursuant to the terms of our amended and restated certificate of incorporation.

Issuance of Class A common stock

During the six months ended June 30, 2022, the Company issued 926,785 shares of Class A common stock valued at $10,000 for its ArcaMax acquisition and 12,931 shares of Class A common stock valued at $103 against the earnout payments related to its Kinetic acquisition.

During the six months ended June 30, 2022, the Company also issued 521,306 shares of Class A common stock valued at $4,833 pursuant to certain agreements. Out of these certain shares have a stock price downward protection right and accordingly this right has been accounted for as a derivative liability fair valued at $1,215, which is included in the other current liabilities on the

unaudited condensed consolidated balance sheets as of June 30, 2022. The Company had full provision for these amounts as of December 31, 2021.