Vicarious Surgical (RBOT) - 2020 Q4 - Annual Report

IPO and Financial Proceeds - D8 Holdings Corp. completed its Initial Public Offering on July 17, 2020, raising gross proceeds of $300 million from the sale of 30 million units at $10.00 per unit[248]. - An additional 4.5 million units were sold through the over-allotment option, generating an extra $45 million in gross proceeds[248]. - The company incurred total offering costs of approximately $19.5 million, including $12.1 million in deferred underwriting fees[248]. - D8 Holdings Corp. has placed $345 million of net proceeds from the IPO and certain Private Placement proceeds in a Trust Account, invested in U.S. government securities[251]. - The Sponsor provided a loan of $127,000 to cover expenses related to the IPO, which was fully repaid on July 17, 2020[261]. Financial Performance - As of December 31, 2020, D8 Holdings Corp. reported a net loss of approximately $161,000, primarily due to $352,000 in general and administrative expenses[254]. - The company had approximately $1.1 million in cash and working capital as of December 31, 2020[255]. - As of December 31, 2020, there are 32,889,128 Class A ordinary shares subject to possible redemption, classified as temporary equity[269]. - Net loss per ordinary share is calculated by dividing net loss by the weighted average number of ordinary shares outstanding, with diluted per share being the same as basic loss per ordinary share for the periods presented[270]. - Net income per share for Class A ordinary shares is calculated by dividing investment income earned on the Trust Account by the weighted average number of shares of Class A ordinary shares outstanding[271]. Business Operations and Agreements - The company has a 24-month period to complete a Business Combination, or it will liquidate and redeem public shares at a price equal to the amount in the Trust Account[253]. - The initial shareholders are subject to a lock-up period for their shares until one year after the completion of the initial Business Combination[258]. - The company has agreed to pay the Sponsor $10,000 per month for administrative support services, totaling approximately $55,000 from May 2020 to December 2020[263]. Investments and Financial Management - The portfolio of investments held in the Trust Account consists of U.S. government securities with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities[268]. - The company does not have any off-balance sheet arrangements or commitments as of December 31, 2020[273]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[275]. - The company has not engaged in any hedging activities since inception and does not expect to engage in any hedging activities regarding market risk[277].