MoneyLion Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Mergers and Acquisitions (Tables)

Mergers and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Mergers and Acquisitions (Details) [Line Items]

Schedule of preliminary fair value of even financial's acquired assets and liabilities assumed


	February 17,
	2022
Assets
Cash and cash equivalents	$	4,501
Enterprise receivables		9,863
Property and equipment		441
Intangible assets		190,320
Goodwill		109,375
Other assets		3,354
Total assets		317,854
Liabilities and Equity
Liabilities:
Accounts payable and accrued liabilities		9,258
Deferred tax liability		34,720
Other liabilities		2,846
Total liabilities		46,824
Net assets and liabilities acquired	$	271,030


	November 15,
	2021
Assets
Cash and cash equivalents	$	51
Property and equipment		1,281
Intangible assets		17,780
Goodwill		30,976
Other assets		4,858
Total assets	$	54,946
Liabilities and Equity
Liabilities:
Accounts payable and accrued liabilities	$	2,261
Total liabilities		2,261
Equity:
Additional paid-in capital		52,685
Total equity		52,685
Total liabilities and equity	$	54,946

Summary of Quantitative Information and Certain Assumptions Regarding Level 3 Fair Value Measurement

The following table presents the quantitative information regarding Level 3 fair value measurement of the Private Placement Warrants:


	September 30,
	2022
Strike price	$11.50
Expected Volatility		82	%
Expected Dividend - MoneyLion Class A Common Stock		—
Expected Term in Years		3.98
Risk Free Interest Rate		4.16	%
Warrant Value Per Share		0.12

Schedule of the company's pro forma revenue and net loss

The Company’s pro forma revenue and net loss for the three and nine months ended September 30, 2022 and 2021 below have been prepared as if Even Financial had been purchased on January 1, 2021. The Company made certain pro forma adjustments related to amortization of intangible assets, intercompany activity and interest expense.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Revenue	$	88,748		$	61,253		$	254,901		$	154,052
Net loss	$	(21,017	)	$	(29,834	)	$	(58,430	)	$	(159,410	)

Even Financial [Member] | Earnout and Preferred Stock Equivalents [Member]

Mergers and Acquisitions (Details) [Line Items]

Summary of Quantitative Information and Certain Assumptions Regarding Level 3 Fair Value Measurement

The following table presents the quantitative information and certain assumptions regarding Level 3 fair value measurement of the Earnout and Preferred Stock Equivalents:


	September 30,
	2022
Expected Volatility		103	%
Expected Dividend - MoneyLion Class A Common Stock		—
Expected Term in Years		5.00
Risk Free Interest Rate		4.01	%

MALKA Media Group LLC [Member] | Restricted Shares Based on 2021 and 2022 Operating Performance

Mergers and Acquisitions (Details) [Line Items]

Summary of Quantitative Information and Certain Assumptions Regarding Level 3 Fair Value Measurement

The following table presents the quantitative information and certain assumptions regarding Level 3 fair value measurement of the restricted shares payable based on 2021 and 2022 operating performance:


	September 30,
	2022
Expected Volatility		119	%
Expected Dividend - MoneyLion Class A Common Stock		—
Risk Free Interest Rate		3.27	%