Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION (Tables)

v3.21.2
ORGANIZATION (Tables)
9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reverse Capitalization
The following summarizes the merger consideration (in thousands except per share information):
Total shares transferred 83,500 
Value per share $ 10.00 
Total Share Consideration $ 835,000 
Assumed indebtedness
Revenue Bonds 249,600 
The Convertible Notes 60,000 
Term Loan 314 
Related Party Promissory Note 12,000 
Total merger consideration $ 1,156,914 
The following table reconciles the elements of the Business Combination to the condensed consolidated statement of cash flows for the nine months ended September 30, 2021 (in thousands):
Cash - ROCH Trust and cash (net of redemptions) $ 76,510 
Cash - PIPE 250,000 
Less transaction costs (28,049)
Net Business Combination and PIPE financing $ 298,461