Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited)

v3.21.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Cowen
Common Stock
Common Stock
Cowen
Additional Paid-in Capital
Additional Paid-in Capital
Cowen
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2019 $ (38,774)   $ 2   $ 2,143     $ 74 $ (40,993)
Beginning balance, shares at Dec. 31, 2019     19,977,113            
Common stock repurchased in connection with forward share purchase agreements         2,587   $ (2,587)    
Common stock repurchased in connection with forward share purchase agreements, shares     (235,169)       235,169    
Forward share purchase agreement transactions (271)       (271)        
Stock-based compensation (RSUs) 6,204       6,204        
Stock-based compensation (RSUs), shares     137,104            
Common stock issued to settle a payable 527       527        
Common stock issued to settle a payable, shares     140,000            
Net loss (8,823)               (8,823)
Other comprehensive loss (498)             (498)  
Ending balance at Mar. 31, 2020 (41,635)   $ 2   11,190   $ (2,587) (424) (49,816)
Ending balance, shares at Mar. 31, 2020     20,019,048       235,169    
Beginning balance at Dec. 31, 2020 (7,429)   $ 3   93,628   $ (30,431) (2,826) (67,803)
Beginning balance, shares at Dec. 31, 2020     30,288,687       2,798,058    
Conversion of Note   $ 2,295       $ 2,295      
Conversion of Note, shares       303,171          
Forfeiture of 2020 Sponsor Earnout Shares [1] 1,244       1,244        
Forfeiture of 2020 Sponsor Earnout Shares, shares [1]     (469,343)            
Forward share purchase agreement transactions 17,528       17,528        
Stock-based compensation (RSUs) 5,011       5,011        
Stock-based compensation (RSUs), shares     558,396            
Warrants exercised for common stock 2,872       2,872        
Warrants exercised for common stock, shares     249,706            
Fair value of warrants (326)       (326)        
Net loss (10,358)               (10,358)
Other comprehensive loss 1,101             1,101  
Ending balance at Mar. 31, 2021 $ 11,938   $ 3   $ 122,252   $ (30,431) $ (1,725) $ (78,161)
Ending balance, shares at Mar. 31, 2021     30,930,617       2,798,058    
[1]

On March 16, 2021, upon the final determination that GigAcquisitions, LLC, Cowen Investments II LLC, Irwin Silverberg and Jeffrey Bernstein (the “Sponsors) were not entitled to receive the final 50% of the Earnout Shares ("2020 Sponsors’ Earnout Shares") pursuant to the terms of the Purchase Agreement entered into on February 22, 2019, such number of 2020 Sponsors’ Earnout Shares that have not vested have been forfeited by all but one Sponsor. That Sponsor has agreed with Kaleyra to cash settle their portion of the 2020 Sponsors’ Earnout Shares in lieu of forfeiting their shares.