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)

3 Months Ended

Mar. 31, 2023

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
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

Schedule of changes in the liability related to the Earnout and Preferred Stock Equivalents

The following table presents the changes in the liability related to the Earnout and Preferred Stock Equivalents:


				Preferred Stock
	Earnout			Equivalents
Balance as of December 31, 2022	$	6,946		$	1,997
Change in fair value of contingent consideration		(6	)		(59	)
Balance as of March 31, 2023	$	6,940		$	1,938

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

The Company’s pro forma revenue and net loss for the three months ended March 31, 2022 below has been prepared as if Even Financial Inc. had been purchased on January 1, 2022. The Company made certain pro forma adjustments related to amortization of intangible assets, intercompany activity and interest expense.


	Three Months Ended March 31, 2022
	(unaudited)
Revenue	$	78,813
Net loss	$	(14,347	)

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:


	March 31,
	2023
Expected Volatility		102	%
Expected Dividend - Class A Common Stock		—
Expected Term in Years		5.00
Risk Free Interest Rate		3.51	%