v3.23.1
CONVERTIBLE PREFERRED STOCK (Tables)
12 Months Ended
Dec. 31, 2022
Temporary Equity Disclosure [Abstract]  
Summary of Authorized, Issued and Outstanding Convertible Preferred Stock The following table summarizes the authorized, issued and outstanding Convertible Preferred Stock of Legacy Hyperfine immediately prior to the Business Combination:

 

Class

 

Year
of Class
Issuance

 

Issuance
Price per
share

 

 

Shares
Authorized

 

 

Shares
Issued and
Outstanding

 

 

Total
Proceeds or
Exchange
Value

 

 

Issuance
Costs

 

 

Net
Carrying
Value

 

 

Initial
Liquidation
Price per
share

 

Series A

 

2014

 

$

0.04

 

 

 

25,000,000

 

 

 

25,000,000

 

 

$

1,000

 

 

$

2

 

 

$

998

 

 

$

0.80

 

Series B

 

2017

 

 

0.80

 

 

 

10,625,000

 

 

 

10,625,000

 

 

 

8,500

 

 

 

 

 

 

8,500

 

 

 

0.80

 

Series C

 

2017

 

 

1.88

 

 

 

31,586,210

 

 

 

31,586,210

 

 

 

59,382

 

 

 

234

 

 

 

59,148

 

 

 

1.88

 

Series D

 

2020-2021

 

 

2.15

 

 

 

62,577,618

 

 

 

41,970,981

 

 

 

90,237

 

 

 

136

 

 

 

90,101

 

 

 

2.15

 

 

 

 

 

 

 

 

 

129,788,828

 

 

 

109,182,191

 

 

$

159,119

 

 

$

372

 

 

$

158,747