Quarterly report pursuant to Section 13 or 15(d)

Reverse Recapitalization (Tables)

v3.22.2
Reverse Recapitalization (Tables)
6 Months Ended
Jun. 30, 2022
Reverse Recapitalization [Abstract]  
Schedule of common stock outstanding following the consummation of business combination
The number of shares of Common Stock outstanding immediately following the consummation of the Business Combination:

Number of Shares
Common stock, outstanding prior to Business Combination 25,893,479
Less: redemption of Gig shares (5,816,664)
Common stock Gig 20,076,815
Shares issued in PIPE Financing 2,500,000
Business Combination and PIPE Financing shares 22,576,815
Lightning Systems shares (1)
50,652,890
Total shares of common stock outstanding immediately after Business Combination 73,229,705

(1)The number of Lightning Systems shares were calculated using the Exchange Ratio contemplated in the Business Combination of approximately 0.9406.