COMMON STOCK AND CONVERTIBLE PREFERRED STOCK (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2021 |
Dec. 31, 2020 |
Schedule of Convertible preferred stock |
|
Schedule of Convertible
preferred stock |
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Series |
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Shares Authorized 12/31/2020 |
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Shares issued and outstanding 12/31/2020 |
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Shares issued and outstanding 12/31/2019 |
|
Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
72,123 |
|
|
|
— |
|
|
|
72,123 |
|
Series B-1 |
|
|
72,123 |
|
|
|
72,123 |
|
|
|
— |
|
Series C |
|
|
416,667 |
|
|
|
— |
|
|
|
416,667 |
|
Series C-1 |
|
|
416,667 |
|
|
|
416,667 |
|
|
|
— |
|
Series D |
|
|
2,142,050 |
|
|
|
1,080,993 |
|
|
|
1,450,993 |
|
Series D-1 |
|
|
487,805 |
|
|
|
325,203 |
|
|
|
325,203 |
|
Series D-2 |
|
|
2,142,050 |
|
|
|
370,000 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
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Series E |
|
|
1,008,742 |
|
|
|
615,231 |
|
|
|
615,231 |
|
Series E-1 |
|
|
659,310 |
|
|
|
393,511 |
|
|
|
393,511 |
|
Series F |
|
|
398,401 |
|
|
|
352,076 |
|
|
|
352,076 |
|
Series F-1 |
|
|
46,325 |
|
|
|
46,325 |
|
|
|
46,325 |
|
Series G |
|
|
740,987 |
|
|
|
740,987 |
|
|
|
— |
|
Series G-1 |
|
|
202,100 |
|
|
|
— |
|
|
|
— |
|
Series H |
|
|
487,806 |
|
|
|
168,288 |
|
|
|
— |
|
|
|
|
9,293,156 |
|
|
|
4,581,404 |
|
|
|
3,672,129 |
|
|
Schedule of issuance of convertible preferred stock |
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Schedule of issuance of convertible preferred stock |
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Description |
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Shares Issued |
|
|
Issuance Price per share |
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|
Conversion Rate (1)
|
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|
Voting Rate (2)
|
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|
Liquidation Preference (in thousands) |
|
Convertible Preferred Stock |
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
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|
Series B-1 |
|
|
72,123 |
|
|
$ |
807.00 |
|
|
|
1.0 |
|
|
|
— |
|
|
$ |
58,203 |
|
Series C-1 |
|
|
416,667 |
|
|
$ |
24.00 |
|
|
|
1.0 |
|
|
|
— |
|
|
$ |
10,000 |
|
Series D |
|
|
1,080,993 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
1.00 |
|
|
$ |
66,481 |
|
Series D-1 |
|
|
325,203 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
— |
|
|
$ |
20,000 |
|
Series D-2 |
|
|
370,000 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
— |
|
|
$ |
22,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Senior Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Series E |
|
|
615,231 |
|
|
$ |
91.00 |
|
|
|
1.04 |
|
|
|
1.04 |
|
|
$ |
55,989 |
|
Series E-1 |
|
|
393,511 |
|
|
$ |
91.00 |
|
|
|
1.04 |
|
|
|
— |
|
|
$ |
35,811 |
|
Series F |
|
|
352,076 |
|
|
$ |
107.93 |
|
|
|
1.755 |
|
|
|
1.755 |
|
|
$ |
38,000 |
|
Series F-1 |
|
|
46,325 |
|
|
$ |
107.93 |
|
|
|
1.755 |
|
|
|
— |
|
|
$ |
5,000 |
|
Series G |
|
|
740,987 |
|
|
$ |
61.50 |
|
|
|
1.0 |
* |
|
|
1.00 |
|
|
$ |
113,927 |
|
Series H |
|
|
168,288 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
1.00 |
|
|
$ |
10,350 |
|
* |
The
Series G and G-1 Convertible Preferred Stock have special conversion rights in connection
with an IPO or a SPAC merger whereby the Series G Convertible Preferred Stock shall receive
shares to at least 2.5 times the amount paid for each preferred share. |
|
Schedule of Warrants issued and outstanding |
|
Schedule of warrants issued and outstanding |
|
|
|
|
|
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Warrants Outstanding |
|
|
|
Series D |
|
|
Series D-1 |
|
|
Series H |
|
Outstanding as of December 31, 2018 |
|
|
203,252 |
|
|
|
162,601 |
|
|
|
— |
|
Issuance of warrants |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Outstanding as of December 31, 2019 |
|
|
203,252 |
|
|
|
162,601 |
|
|
|
— |
|
Issuance of warrants |
|
|
— |
|
|
|
— |
|
|
|
139,428 |
|
Outstanding as of December 31, 2020 |
|
|
203,252 |
|
|
|
162,601 |
|
|
|
139,428 |
|
|
Schedule of fair value of warrant liability |
|
Schedule of fair value of warrant liability |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Warrant Liability |
|
(in thousands) |
|
Series D-1 |
|
|
Series H |
|
|
Total |
|
As of December 31, 2018 |
|
$ |
2,272 |
|
|
$ |
— |
|
|
$ |
2,272 |
|
(Decrease) in fair value |
|
|
(1,508 |
) |
|
|
— |
|
|
|
(1,508 |
) |
As of December 31, 2019 |
|
|
764 |
|
|
|
— |
|
|
|
764 |
|
Fair value of warrants at issuance |
|
|
— |
|
|
|
3,523 |
|
|
|
3,523 |
|
(Decrease) increase in fair value |
|
|
3,345 |
|
|
|
— |
|
|
|
3,345 |
|
As of December 31, 2020 |
|
$ |
4,109 |
|
|
$ |
3,523 |
|
|
$ |
7,632 |
|
|
Schedule of reserved shares of common stock for future |
|
Schedule of reserved shares of common stock for future |
|
|
|
|
Shares reserved for |
|
Shares |
|
Future grants |
|
|
2,660,533 |
|
Convertible preferred stock |
|
|
4,918,446 |
|
Warrants |
|
|
505,282 |
|
Options under employee stock plans |
|
|
1,246,080 |
|
Total common stock reserved for future issuance |
|
|
9,330,341 |
|
|
Airspan [Member] |
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|
Schedule of Convertible preferred stock |
Schedule of Convertible preferred stock |
|
|
|
|
|
|
|
|
|
|
|
|
Series |
|
Shares Authorized 6/30/2021 |
|
|
Shares issued and outstanding 6/30/2021 |
|
|
Shares issued and outstanding 12/31/2020 |
|
Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
72,123 |
|
|
|
- |
|
|
|
- |
|
Series B-1 |
|
|
72,123 |
|
|
|
72,123 |
|
|
|
72,123 |
|
Series C |
|
|
416,667 |
|
|
|
- |
|
|
|
- |
|
Series C-1 |
|
|
416,667 |
|
|
|
416,667 |
|
|
|
416,667 |
|
Series D |
|
|
2,142,050 |
|
|
|
1,080,993 |
|
|
|
1,080,993 |
|
Series D-1 |
|
|
487,805 |
|
|
|
325,203 |
|
|
|
325,203 |
|
Series D-2 |
|
|
2,142,050 |
|
|
|
370,000 |
|
|
|
370,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
Series E |
|
|
1,008,742 |
|
|
|
615,231 |
|
|
|
615,231 |
|
Series E-1 |
|
|
659,310 |
|
|
|
393,511 |
|
|
|
393,511 |
|
Series F |
|
|
398,401 |
|
|
|
352,076 |
|
|
|
352,076 |
|
Series F-1 |
|
|
46,325 |
|
|
|
46,325 |
|
|
|
46,325 |
|
Series G |
|
|
740,987 |
|
|
|
740,987 |
|
|
|
740,987 |
|
Series G-1 |
|
|
202,100 |
|
|
|
- |
|
|
|
- |
|
Series H |
|
|
487,806 |
|
|
|
181,294 |
|
|
|
168,288 |
|
|
|
|
9,293,156 |
|
|
|
4,594,410 |
|
|
|
4,581,404 |
|
|
|
Schedule of Warrants issued and outstanding |
Schedule of Warrants issued and outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants Outstanding |
|
|
|
Series D |
|
|
Series D-1 |
|
|
Series H |
|
Outstanding as of December 31, 2020 |
|
|
203,252 |
|
|
|
162,601 |
|
|
|
139,428 |
|
Issuance of warrants |
|
|
- |
|
|
|
- |
|
|
|
6,503 |
|
Warrants expired |
|
|
(203,252 |
) |
|
|
- |
|
|
|
- |
|
Outstanding as of June 30, 2021 |
|
|
- |
|
|
|
162,601 |
|
|
|
145,931 |
|
|
|
Schedule of fair value of warrant liability |
Schedule of fair value of warrant liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liability |
|
(in thousands) |
|
Series D-1 |
|
|
Series H |
|
|
Total |
|
As of December 31, 2020 |
|
$ |
4,109 |
|
|
$ |
3,523 |
|
|
$ |
7,632 |
|
Fair value of warrants at issuance |
|
|
- |
|
|
|
142 |
|
|
|
142 |
|
Increase in fair value |
|
|
3,541 |
|
|
|
976 |
|
|
|
4,517 |
|
As of June 30, 2021 |
|
$ |
7,650 |
|
|
$ |
4,641 |
|
|
$ |
12,291 |
|
|
|
Schedule of Issuances of Convertible Preferred Stock |
Schedule of Issuances of Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Shares Issued |
|
|
Issuance Price per share |
|
|
Conversion Rate |
|
|
Voting Rate |
|
|
Liquidation Preference (in thousands) |
|
Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series B-1 |
|
|
72,123 |
|
|
$ |
807.00 |
|
|
|
1.0 |
|
|
|
- |
|
|
$ |
58,203 |
|
Series C-1 |
|
|
416,667 |
|
|
$ |
24.00 |
|
|
|
1.0 |
|
|
|
- |
|
|
$ |
10,000 |
|
Series D |
|
|
1,080,993 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
1.00 |
|
|
$ |
66,481 |
|
Series D-1 |
|
|
325,203 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
- |
|
|
$ |
20,000 |
|
Series D-2 |
|
|
370,000 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
- |
|
|
$ |
22,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior Convertible Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series E |
|
|
615,231 |
|
|
$ |
91.00 |
|
|
|
1.04 |
|
|
|
1.04 |
|
|
$ |
55,989 |
|
Series E-1 |
|
|
393,511 |
|
|
$ |
91.00 |
|
|
|
1.04 |
|
|
|
- |
|
|
$ |
35,811 |
|
Series F |
|
|
352,076 |
|
|
$ |
107.93 |
|
|
|
1.755 |
|
|
|
1.755 |
|
|
$ |
38,000 |
|
Series F-1 |
|
|
46,325 |
|
|
$ |
107.93 |
|
|
|
1.755 |
|
|
|
- |
|
|
$ |
5,000 |
|
Series G |
|
|
740,987 |
|
|
$ |
61.50 |
|
|
|
1.0 |
* |
|
|
1.00 |
|
|
$ |
113,927 |
|
Series H |
|
|
181,294 |
|
|
$ |
61.50 |
|
|
|
1.0 |
|
|
|
1.00 |
|
|
$ |
11,150 |
|
|
* |
The Series G and G-1 Convertible Preferred Stock have special conversion rights in connection with an initial public offering or a SPAC merger whereby the Series G Convertible Preferred Stock shall receive shares to at least 2.5 times the amount paid for each preferred share. |
|
|