Annual report pursuant to Section 13 and 15(d)

Reverse Recapitalization (Tables)

v3.22.1
Reverse Recapitalization (Tables)
 12 Months Ended
Dec. 31, 2021
Reverse Recapitalization [Abstract]  
Schedule Of Common Stock Shares Issued Following The Consummation Of Merger
The following table reconciles the elements of the Business Combination to the consolidated statement of cash flows for the year ended December 31, 2021:
 
    
Recapitalization
  
Cash—Galileo trust and cash, net of redemption
    $ 28,115  
Cash—PIPE Investment, net of transaction costs
      75,000  
Less: transaction costs and advisory fees allocated to equity
      (16,323 ) 
    
 
 
  
Effect of Merger, net of redemption, transaction costs and advisory costs
    $ 86,792  
    
 
 
  
Schedule of reconciles the elements of business combination to the unaudited consolidated statement of changes in stockholders equity
The following table reconciles the elements of the Business Combination to the consolidated statement of changes in stockholders’ equity (deficit) for the year ended December 31, 2021:
 
    
Recapitalization
  
Cash—Galileo trust and cash, net of redemption
    $ 28,115  
Non-cash
net working capital assumed from Galileo
      46  
Less: fair value of Private and Sponsor Warrant liabilities
      (11,865 ) 
Less: transaction costs and advisory fees allocated to equity
      (6,260 ) 
    
 
 
  
Effect of Merger, net of redemption, transaction costs and advisory costs
    $ 10,036  
    
 
 
  
Schedule Of Common Stock Shares Issued Following The Consummation Of Business Combination
The following table details the number of shares of Common Stock issued immediately following the consummation of the Business Combination:
 
    
Number of Shares
  
Common stock, outstanding prior to Business Combination
      13,800,000  
Less: redemption of Galileo shares
      (11,018,352 ) 
    
 
 
  
Common stock of Galileo
      2,781,648  
Galileo founder and representative shares, net of forfeited shares
      2,910,000  
Shares issued in PIPE Investment
      7,500,000  
    
 
 
  
Merger and PIPE Investment—common stock
      13,191,648  
Legacy Shapeways shares—common stock
(1)
      35,104,836  
    
 
 
  
Total shares of common stock immediately after Business Combination
      48,296,484  
    
 
 
  
 
(1)
Includes 3,510,405 Earnout Shares