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

Annual report pursuant to Section 13 and 15(d)

Mergers and Acquisitions (Tables)

Mergers and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Mergers and Acquisitions (Details) [Line Items]

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

The fair value of Even Financial Inc.’s acquired assets and liabilities assumed were as follows:


	February 17,
	2022
Assets
Cash and cash equivalents	$	4,501
Enterprise receivables		9,863
Property and equipment		441
Intangible assets		182,640
Goodwill		111,474
Other assets		3,354
Total assets		312,273
Liabilities and Equity
Liabilities:
Accounts payable and accrued liabilities		9,258
Deferred tax liability		29,073
Other liabilities		2,846
Total liabilities		41,177
Net assets and liabilities acquired	$	271,096

The fair value of MALKA’s acquired assets and liabilities were as follows:


	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 warrants:


	December 31,
	2022			2021
Strike price	$11.50			$11.50
Expected Volatility		79	%		61	%
Expected Dividend - Class A Common Stock		—			—
Expected Term in Years		3.73			4.73
Risk Free Interest Rate		4.14	%		1.22	%
Warrant Value Per Share	$0.62			$1.02

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

The Company’s pro forma revenue and net loss for the twelve months ended December 31, 2022 and 2021 below have been prepared as if ML Enterprise 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.


	Twelve Months Ended December 31,
	2022			2021
	(unaudited)
Revenue	$	349,844		$	226,761
Net loss	$	(193,495	)	$	(201,410	)

ML Enterprise [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:


	December 31,
	2022
Expected Volatility		105	%
Expected Dividend - Class A Common Stock		—
Expected Term in Years		5.00
Risk Free Interest Rate		3.93	%

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:


	December 31,
	2021
Expected Volatility		85	%
Expected Dividend - Class A Common Stock		—
Risk Free Interest Rate		0.38	%