Annual report pursuant to Section 13 and 15(d)

Organization and Description of the Business

Organization and Description of the Business
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of the Business Organization and Description of the Business
Description of the Business
Weave Communications, Inc. and its wholly owned subsidiaries Weave Communications Canada, Inc. and Weave Communications India Private Limited (collectively, “Weave” or the “Company”) sells subscriptions to Weave, its vertically tailored customer experience and payments software platform for small- and medium-sized healthcare businesses. The Weave platform combines customer engagement, payments, and other operational software tools with voice over internet protocol (“VoIP”) phone services. The Company was incorporated in the state of Delaware in October 2015 and its corporate headquarters are located in Lehi, UT.
Initial Public Offering
On November 15, 2021, the Company completed its initial public offering (the “IPO”) for the sale of 5,000,000 shares of its common stock, $0.00001 par value per share at an offering price of $24.00 per share. The Company received aggregate proceeds of $107.5 million from its IPO after deducting underwriting discounts, commissions, and offering costs.
Upon the completion of the IPO, the 43,836,109 outstanding shares of redeemable convertible preferred stock with a carrying value of $151.9 million converted into an aggregate of 43,836,109 shares of common stock.