Xometry, Inc. and Subsidiaries
Unaudited Pro Forma Condensed Consolidated Balance Sheet
(In thousands)
The following unaudited pro forma condensed consolidated balance sheet is provided to reflect our cash and capitalization had the IPO occurred on June 30, 2021. The following adjustments have been reflected in the pro forma balance sheet below:
- The issuance of 7,906,250 shares of Class A common stock in connection with the IPO and the receipt of $325.3 million of net cash proceeds;
- The repayment of our $15.9 million term loan outstanding;
- The reclassification and payment of all deferred IPO related costs recorded in Other current assets ($26.5 million) and Accrued expenses ($25.9 million) to Additional paid-in capital (not included is the payment of our remaining IPO related costs which we estimate to be between $3.4 million and $4.4 million);
- The conversion of 8,665,797 shares of our common stock to Class A common stock;
- The conversion of 27,758,941 shares of our convertible preferred stock to Class A common stock; and
- The exchange of 2,676,154 shares of Class A common stock held by our co-founders for an equivalent number of shares of Class B common stock.
Xometry, Inc. and Subsidiaries
Unaudited Pro Forma Condensed Consolidated Balance Sheet - continued
(In thousands)
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Unaudited Pro
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| Unaudited | Forma | |||||||||||
| Condensed | Condensed | |||||||||||
| Consolidated | Consolidated | |||||||||||
| Balance Sheet | Balance Sheet | |||||||||||
| June 30, | June 30, | |||||||||||
| 2021 | Adjustments | 2021 | ||||||||||
| Cash and cash equivalents | $ | 37,351 | $ | 309,399 | (1)(2) | $ | 346,750 | |||||
| Accounts receivable | 21,432 | - | 21,432 | |||||||||
| Other current assets | 34,148 | (26,462 | ) | (3) | 7,686 | |||||||
| Total current assets | 92,931 | 282,937 | 375,868 | |||||||||
| Property and equipment, net and operating lease right-of-use assets | 9,913 | - | 9,913 | |||||||||
| Other assets | 2,639 | - | 2,639 | |||||||||
| Total assets | $ | 105,483 | $ | 282,937 | $ | 388,420 | ||||||
| Accounts payable | $ | 13,138 | $ | - | $ | 13,138 | ||||||
| Accrued expenses | 39,200 | (25,938 | ) | (3) | 13,262 | |||||||
| Other current liabilities | 5,180 | - | 5,180 | |||||||||
| Short-term debt | 15,864 | (15,864 | ) | (2) | - | |||||||
| Total current liabilities | 73,382 | (41,802 | ) | 31,580 | ||||||||
| Operating lease liabilities, net of current portion | 1,573 | - | 1,573 | |||||||||
| Total liabilities | 74,955 | (41,802 | ) | 33,153 | ||||||||
| Convertible preferred stock - $0.000001 par value, 27,970,966 authorized, 27,758,941 issued and outstanding | 160,713 | (160,713 | ) | (5) | - | |||||||
| Common stock - $0.000001 par value, 42,000,000 authorized, 8,665,797 issued and outstanding | - | - | (4) | - | ||||||||
| Preferred stock - $0.000001 par value, 50,000,000 authorized, none issued and outstanding, pro forma | - | - | - | |||||||||
| Class A common stock - $0.000001 par value, 750,000,000 authorized, 41,654,834 issued and outstanding, pro forma | - | - | (4)(5) | - | ||||||||
| Class B common stock - $0.000001 par value, 5,000,000 authorized, 2,676,154 issued and outstanding, pro forma | - | - | (6) | - | ||||||||
| Additional paid-in capital | 4,315 | 485,452 | 489,767 | |||||||||
| Accumulated other comprehensive income | 227 | - | 227 | |||||||||
| Accumulated deficit | (134,727 | ) | - | (134,727 | ) | |||||||
| Total stockholders' (deficit) equity | (130,185 | ) | 485,452 | 355,267 | ||||||||
| Total liabilities and stockholders' equity | $ | 105,483 | $ | 282,937 | $ | 388,420 | ||||||
