Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOW

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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss and comprehensive loss $ (89,818) $ (182,360)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7,125 4,729
Non-cash operating lease expense 632 606
Debt discount amortization 2,590 3,848
Gain on extinguishment of debt (5,045)  
Stock-based compensation 84,280 1,873
Gain on fair value change in contingent earnout share liability (115,375)  
Other 9  
Changes in operating assets and liabilities:    
Prepaids and other current assets (4,669) (551)
Other assets 718 567
Accounts payable 2,491 (370)
Accrued expenses and other current liabilities 10,413 506
Operating lease liabilities (444) (300)
Other long-term liabilities 39  
Net cash used in operating activities (107,054) (171,452)
Cash flows from investing activities:    
Purchases of property and equipment (7,558) (22,144)
Net cash used in investing activities (7,558) (22,144)
Cash flows from financing activities:    
Proceeds from related party shareholder receivable   20,000
Repayments on related party promissory note   (15,000)
Proceeds from related party convertible debt and derivative liability   100,000
Proceeds from the issuance of common stock for related party convertible debt 90,000  
Proceeds from the issuance of common stock for convertible debt 90,500  
Loan advance 7,064  
Repayments on loan advance 47  
Proceeds from issuance of unvested shares 7 128
Proceeds from issuance of redeemable convertible preference shares-Seed Series   100,000
Repurchase of unvested shares (64) (44)
Business combination and PIPE financing, gross proceeds 629,604  
Business combination and PIPE financing, issuance costs (22,508)  
Settlement on restricted stock tax withholding (448)  
Payment on stock warrant redemption (800)  
Payment on offering costs (5,781)  
Net cash provided by financing activities 787,527 205,084
Net increase in cash, cash equivalents, and restricted cash 672,915 11,488
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash, beginning of period 29,507 18,019
Cash, cash equivalents, and restricted cash, end of period 702,422 29,507
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents at end of period 702,422 29,007
Restricted cash at end of period   500
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows 702,422 29,507
Supplemental non-cash investing and financing activities    
Acquisition of property and equipment included in current liabilities 3,992  
Offering costs included in accrued expenses and other current liabilities 815  
Exchange of convertible debt 291,309  
Exchange of redeemable convertible preference shares 200,000  
Gain on extinguishment of related party convertible debt recorded in additional paid-in capital 44,785  
Recognition of contingent earnout share liability 248,878  
Supplemental disclosures of cash flow information    
Cash paid for interest   $ 1,234
A Series Redeemable Convertible Preference Shares    
Supplemental non-cash investing and financing activities    
Exchange of redeemable convertible preference shares 445,159  
A-1 Series Redeemable Convertible Preference Shares    
Supplemental non-cash investing and financing activities    
Exchange of redeemable convertible preference shares $ 95,091