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Stockholders' Equity (Deficit)
 12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity (Deficit)
10. Stockholders’ Equity (Deficit)
During September 2020, the Company filed an amended and restated certificate of incorporation, which became effective on the date of its filing. The amended and restated certificate of incorporation authorized the issuance of a total of 20,000,000,000 shares of Class A common stock, 2,700,000,000 shares of Class B common stock, and 1,005,000 shares of Class F common stock. Additionally, each of the Founders exchanged 335,000 shares of their Class B common stock for an equivalent number of shares of Class F common stock.

The Company’s Class A, Class B, and Class F common stock all have the same rights, except with respect to voting and conversion rights. Class A and Class B common stock have voting rights of 1 and 10 votes per share, respectively. The Class F common stock has the voting rights generally described herein and each share of Class F common stock is convertible at any time, at the option of the holder thereof, into one share of Class B common stock. All shares of Class F common stock are held in a voting trust established by the Founders. The Class F common stock generally give the Founders the ability to control up to
 
49.999999
% of the total voting power of the Company’s capital stock, so long as the Founders and certain of their affiliates collectively meet a minimum ownership threshold, which was
100.0
 million of the Company’s equity securities as of December 31, 2021.
Holders of the common stock are entitled to dividends when, as, and if declared by the Company’s Board of Directors, subject to the rights of the holders of all classes of stock outstanding having priority rights to dividends. No dividends have been declared as of December 31, 2021.
During the year ended December 31, 2020, the Company sold a total of 206,500,523 shares of its Class A common stock at a price of $4.65 per share, for aggregate proceeds of $942.5 million, net of issuance costs of $17.7 million. Included in these sales were 107,526,881 shares of Class A common stock sold to SOMPO, a partner investor in the Company’s equity method investee, Palantir Japan.
The following represented the total authorized, issued, and outstanding shares for each class of common stock (in thousands):
 
 
  
As of December 31, 2021
 
  
As of December 31, 2020
 
 
  
Authorized
 
  
Issued and
Outstanding
 
  
Authorized
 
  
Issued and
Outstanding
 
         
         
Class A Common Stock
      20,000,000
 
       1,926,589
 
       20,000,000
 
       1,542,058  
         
Class B Common Stock
      2,700,000
 
       99,880
 
       2,700,000
 
       249,077
 
 
         
Class F Common Stock
      1,005
 
       1,005
 
       1,005
 
       1,005  
         
    
 
 
     
 
 
     
 
 
     
 
 
  
         
Total
      22,701,005
 
       2,027,474
 
       22,701,005
 
       1,792,140