| Schdeule of computation of net loss per common share |
The following table sets forth the computation of net loss per share of MoneyLion Class A Common Stock for the three and nine months ended September 30, 2022 and 2021:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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Numerator: |
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Net loss |
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(21,017 |
) |
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(24,645 |
) |
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(54,060 |
) |
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(137,240 |
) |
Net income attributable to redeemable noncontrolling interests |
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- |
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(3,520 |
) |
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|
- |
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|
|
(9,364 |
) |
(Accrual) / reversal of dividends on preferred stock |
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(1,688 |
) |
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52,466 |
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(4,892 |
) |
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42,728 |
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Net (loss) income attributable to common shareholders |
$ |
(22,705 |
) |
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$ |
24,301 |
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$ |
(58,952 |
) |
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$ |
(103,876 |
) |
Change in fair value of Legacy MoneyLion warrants liability |
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- |
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12,046 |
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- |
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- |
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Change in fair value of subordinated convertible notes |
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- |
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(7,684 |
) |
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- |
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- |
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Interest expense from subordinated convertible notes |
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- |
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323 |
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- |
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- |
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Net (loss) income attributable to common stockholders - diluted |
$ |
(22,705 |
) |
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$ |
28,986 |
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$ |
(58,952 |
) |
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$ |
(103,876 |
) |
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Denominator: |
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Weighted-average common shares outstanding - basic(1) |
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244,702,713 |
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62,314,396 |
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237,302,217 |
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53,119,751 |
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Weighted-average dilutive impact of redeemable convertible preferred stock |
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- |
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106,043,330 |
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- |
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- |
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Weighted-average dilutive impact of Legacy MoneyLion Warrants |
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- |
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8,456,138 |
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- |
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- |
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Weighted-average dilutive impact of options to purchase common stock |
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- |
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33,117,202 |
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- |
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- |
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Weighted-average dilutive impact of subordinated convertible notes |
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- |
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9,183,022 |
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- |
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- |
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Weighted-average common shares outstanding - diluted(1) |
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244,702,713 |
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219,114,088 |
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237,302,217 |
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53,119,751 |
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Net (loss) income per share attributable to common stockholders - basic(1) |
$ |
(0.09 |
) |
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$ |
0.39 |
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$ |
(0.25 |
) |
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$ |
(1.96 |
) |
Net (loss) income per share attributable to common stockholders - diluted (1) |
$ |
(0.09 |
) |
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$ |
0.13 |
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$ |
(0.25 |
) |
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$ |
(1.96 |
) |
(1)
Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion’s Common Stock for MoneyLion Class A Common Stock at the Exchange Ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details.
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| Schdeule of potential common shares |
The following potential common shares have been excluded from the computation of diluted net loss per share for the three and nine months ended September 30, 2022 and 2021:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2022 |
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2021 |
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|
2022 |
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|
2021 |
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Conversion of convertible preferred stock (1) |
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25,655,579 |
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- |
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25,655,579 |
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- |
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Warrants to purchase common stock and redeemable convertible preferred stock (1) |
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25,599,889 |
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25,600,000 |
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25,599,889 |
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25,600,000 |
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PSUs, RSUs and options to purchase common stock (1) |
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57,816,406 |
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- |
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57,816,406 |
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37,622,625 |
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Right to receive earnout shares |
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17,500,000 |
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17,500,000 |
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17,500,000 |
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17,500,000 |
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Total common stock equivalents |
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126,571,874 |
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43,100,000 |
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126,571,874 |
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80,722,625 |
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(1)
Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at the Exchange Ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination” for details.
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