MoneyLion Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (As Restated) (Tables)

Net Loss Per Share (As Restated) (Tables)

12 Months Ended

Dec. 31, 2021

Schdeule of computation of net loss per common share

	Twelve Months Ended December 31,
	2021			2020
	(As Restated)
Numerator:
Net loss	$	(169,484	)	$	(41,587	)
Net income attributable to redeemable noncontrolling interests		(12,776	)		(8,409	)
Accretion of issuance costs on redeemable convertible preferred stock		-			-
Reversal of previously accrued (accrual of) dividends on redeemable convertible preferred stock		42,728			(17,209	)
Net loss attributable to common shareholders	$	(139,532	)	$	(67,205	)
Denominator:
Weighted-average common shares outstanding - basic and diluted ⁽¹⁾		97,158,738			45,177,217
Net loss per share attributable to common stockholders - basic and diluted	$	(1.44	)	$	(1.49	)

(1)

Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion’s Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 4, “Business Combination,” for details. Additionally, included within net income attributable to common stockholders for the twelve months ended December 31, 2021 is an adjustment to reflect the reversal of previously accrued dividends on redeemable convertible preferred stock in the amount of $56,931 which were forfeited by the preferred stockholders in conjunction with the Business Combination.

Schdeule of potential common shares

	December 31,
	2021		2020
Conversion of redeemable convertible preferred stock ⁽¹⁾		-		116,264,358
Warrants to purchase common stock and redeemable convertible preferred stock ⁽¹⁾		25,599,889		14,738,710
RSUs and options to purchase common stock ⁽¹⁾		38,085,775		35,453,516
Right to receive Earnout Shares		17,500,000		-
Total common stock equivalents		81,185,664		166,456,584

(1)

Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 4, “Business Combination” for details.