Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Redeemable Convertible Preferred Stock, Redeemable Noncontrolling Interests and Stockholders??? Equity (Deficit)

v3.22.4
Consolidated Statements of Redeemable Convertible Preferred Stock, Redeemable Noncontrolling Interests and Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
Redeemable Convertible Preferred Stock (Series A)
Redeemable Convertible Preferred Stock
Redeemable Noncontrolling Interests
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Class A
Common Stock
Balances at Dec. 31, 2020 $ (328,629)   $ 288,183 $ 71,852   $ (327,629) $ (1,000)  
Balances (in Shares) at Dec. 31, 2020 [1]     116,264,374         47,870,720
Stock-based compensation 5,039       $ 5,039      
Exercise of stock options and warrants and vesting of RSUs 252       252      
Exercise of stock options and warrants and vesting of RSUs (in Shares) [1]               788,774
Issuance of options and preferred stock in connection with ML Enterprise Acquisition, net working capital adjustments (9,700)           (9,700)  
Conversion of preferred stock to common stock 302,475   $ (302,475)   250,761 51,702   $ 12
Conversion of preferred stock to common stock -Shares [1]     (116,264,374)         116,264,374
Accrued dividends on redeemable convertible preferred stock (14,292)   $ 14,292   (2,606) (11,686)    
Reverse capitalization on September 22, 2021 438,959       437,948   1,000 $ 11
Reverse capitalization on September 22, 2021 (in Shares) [1]               62,223,940
Redemption of common stock (9,700)           (9,700)  
Redemption of common stock (in Shares) [1]               (970,000)
Stock Issued During Period, Value, Conversion of Convertible Securities 302,475   $ (302,475)   250,761 51,702   $ 12
Issuance of common stock in connection with the acquisition of Malka Media Group LLC 21,766       21,766      
Issuance of common stock in connection with the acquisition of Malka Media Group LLC (in Shares)               4,181,441
Issuance of common stock in connection with business contracts 815       815      
Issuance of common stock in connection with business contracts (in Shares)               123,199
Redemption of stock options (12,741)       (12,741)      
Contributions from redeemable noncontrolling interests       53,000        
Redemptions by redeemable noncontrolling interests       (127,391)        
Distributions to redeemable noncontrolling interests       (10,237)        
Net income (loss) (182,260)         (182,260)    
Net income attributable to redeemable noncontrolling interests (12,776)     $ 12,776        
Balances at Dec. 31, 2021 221,684       701,234 (469,873) (9,700) $ 23
Balance (in Shares) at Dec. 31, 2021 [1]               230,482,448
Balances at Dec. 31, 2021 221,684       701,234 (469,873) (9,700) $ 23
Stock-based compensation 19,603       19,603      
Exercise of stock options and warrants and vesting of RSUs 2,399       2,398     $ 1
Exercise of stock options and warrants and vesting of RSUs (in Shares)               8,849,639
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC 22,250       22,248     $ 2
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC (in Shares)               15,242,076
Issuance of options and preferred stock in connection with ML Enterprise Acquisition, net working capital adjustments 8,960 $ 193,465     8,960      
Issuance of options and preferred stock in connection with ML Enterprise Acquisition, net working capital adjustments (in Shares)   28,656,121            
Conversion of preferred stock to common stock 20,257 $ (20,257)     20,257      
Conversion of preferred stock to common stock -Shares   (3,000,542)           3,000,542
Accrued dividends on preferred stock (6,880)       6,880      
Accrued dividends settled in common stock 81       81      
Accrued dividends settled in common stock, shares               45,668
Redemption of common stock 8,960 $ 193,465     8,960      
Stock Issued During Period, Value, Conversion of Convertible Securities 20,257 (20,257)     20,257      
Other (127)       (1,087) 960    
Net income (loss) (189,066)         (189,066)    
Balances at Dec. 31, 2022 $ 99,161 $ 173,208     $ 766,814 $ (657,979) $ (9,700) $ 26
Balance (in Shares) at Dec. 31, 2022   25,655,579           257,620,373
[1] Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details.