SEC Info - ACV Auctions Inc. - ‘10-Q’ for 6/30/22

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ACV Auctions Inc. – ‘10-Q’ for 6/30/22 – ‘EX-31.2’

On: Wednesday, 8/10/22, at 5:11pm ET · For: 6/30/22 · Accession #: 950170-22-16519 · File #: 1-40256

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/10/22  ACV Auctions Inc.                 10-Q        6/30/22   63:10M                                    Donnelley … Solutions/FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   4.38M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
11: R1          Document and Entity Information                     HTML     78K 
12: R2          Condensed Consolidated Statements of Operations     HTML     99K 
                (Unaudited)                                                      
13: R3          Condensed Consolidated Statements of Comprehensive  HTML     44K 
                Loss (Unaudited)                                                 
14: R4          Condensed Consolidated Balance Sheets (Unaudited)   HTML    137K 
15: R5          Condensed Consolidated Balance Sheets (Unaudited)   HTML     56K 
                (Parenthetical)                                                  
16: R6          Condensed Consolidated Statements of Changes in     HTML    148K 
                Convertible Preferred Stock and Stockholders'                    
                Equity (Deficit) (Unaudited)                                     
17: R7          Condensed Consolidated Statements of Cash Flows     HTML    120K 
                (Unaudited)                                                      
18: R8          Nature of Business and Summary of Significant       HTML     52K 
                Accounting Policies                                              
19: R9          Financial Instruments                               HTML    137K 
20: R10         Fair Value Measurement                              HTML    141K 
21: R11         Accounts Receivables & Allowance for Doubtful       HTML    134K 
                Receivables                                                      
22: R12         Guarantees, Commitments and Contingencies           HTML     32K 
23: R13         Borrowings                                          HTML     68K 
24: R14         Convertible Preferred Stock and Stockholders'       HTML     27K 
                Equity                                                           
25: R15         Revenue                                             HTML     64K 
26: R16         Stock-Based Employee Compensation                   HTML    132K 
27: R17         Income Taxes                                        HTML     27K 
28: R18         Reverse Stock Split                                 HTML     28K 
29: R19         Acquisitions                                        HTML     39K 
30: R20         Nature of Business and Summary of Significant       HTML     63K 
                Accounting Policies (Policies)                                   
31: R21         Financial Instruments (Tables)                      HTML    136K 
32: R22         Fair Value Measurement (Tables)                     HTML    137K 
33: R23         Accounts Receivables & Allowance for Doubtful       HTML    135K 
                Receivables (Tables)                                             
34: R24         Borrowings (Tables)                                 HTML     52K 
35: R25         Revenue (Tables)                                    HTML     60K 
36: R26         Stock-Based Employee Compensation (Tables)          HTML    124K 
37: R27         Net Loss Per Share (Tables)                         HTML     51K 
38: R28         Nature of Business and Summary of Significant       HTML     51K 
                Accounting Policies - Additional Information                     
                (Details)                                                        
39: R29         Financial Instruments - Schedule of                 HTML     42K 
                available-for-Sale financial instruments (Details)               
40: R30         Financial Instruments - Schedule of fair values of  HTML     26K 
                available-for-sale financial instruments (Details)               
41: R31         Fair Value Measurement - Summary of Financial       HTML     62K 
                Assets Measured at fair value On Recurring Basis                 
                (Details)                                                        
42: R32         Fair Value Measurement - Additional Information     HTML     21K 
                (Details)                                                        
43: R33         Accounts Receivables & Allowance for Doubtful       HTML     31K 
                Receivables - Summary of changes in the Allowance                
                for Doubtful Trade Receivables (Details)                         
44: R34         Accounts Receivables & Allowance for Doubtful       HTML     34K 
                Receivables - Summary of changes in the Allowance                
                for Doubtful Finance Receivables (Details)                       
45: R35         Guarantees, Commitments and Contingencies -         HTML     30K 
                Additional Information (Details)                                 
46: R36         Borrowings -Schedule of Outstanding Long-Term Debt  HTML     34K 
                (Details)                                                        
47: R37         Borrowings - Additional Information (Details)       HTML     54K 
48: R38         Convertible Preferred Stock and Stockholders'       HTML     40K 
                Equity - Additional Information (Details)                        
49: R39         Revenue - Summary of primary component of Revenue,  HTML     33K 
                Level of Disaggregation (Details)                                
50: R40         Stock-Based Employee Compensation - Additional      HTML     43K 
                Information (Details)                                            
51: R41         Stock-Based Employee Compensation - Weighted        HTML     29K 
                Average Assumptions Used to Calculate Fair Value                 
                of Stock Option (Details)                                        
52: R42         Stock-Based Employee Compensation - Summary of      HTML     72K 
                Stock Option Activity (Details)                                  
53: R43         Stock-Based Employee Compensation - Summary of      HTML     42K 
                restricted stock unit (Details)                                  
54: R44         Income Taxes - Additional Information (Details)     HTML     21K 
55: R45         Net Loss Per Share - Schedule of Basic And Diluted  HTML     52K 
                Net Loss Per Share (Details)                                     
56: R46         Net Loss Per Share - Summary of Potentially         HTML     29K 
                Dilutive Shares Excluded from Computation of Net                 
                Loss Per Share (Details)                                         
57: R47         Reverse Stock Split - Additional Information        HTML     25K 
                (Details)                                                        
58: R48         Acquisitions - Additional Information (Details)     HTML     61K 
61: XML         IDEA XML File -- Filing Summary                      XML    112K 
59: XML         XBRL Instance -- acva-20220630_htm                   XML   2.03M 
60: EXCEL       IDEA Workbook of Financial Reports                  XLSX    107K 
10: EX-101.CAL  XBRL Calculations -- acva-20220630_cal               XML    121K 
 9: EX-101.DEF  XBRL Definitions -- acva-20220630_def                XML    541K 
 7: EX-101.LAB  XBRL Labels -- acva-20220630_lab                     XML   1.10M 
 8: EX-101.PRE  XBRL Presentations -- acva-20220630_pre              XML    776K 
 6: EX-101.SCH  XBRL Schema -- acva-20220630                         XSD    135K 
62: JSON        XBRL Instance as JSON Data -- MetaLinks              347±   564K 
63: ZIP         XBRL Zipped Folder -- 0000950170-22-016519-xbrl      Zip    389K

‘EX-31.2’ — Certification — §302 – SOA’02

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

EX-31.2

Exhibit 31.2

CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, William Zerella, certify that:

I have reviewed this Quarterly Report on Form 10-Q of ACV Auctions Inc. (the "registrant") for the fiscal quarter ended June 30, 2022;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date: Aug 10, 2022	By:	/s/ *William Zerella*
		William Zerella
		Chief Financial Officer (Principal Financial Officer)

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	8/10/22	8-K
For Period end:	6/30/22
		List all Filings

1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/26/21  ACV Auctions Inc.                 8-K:5,9     3/26/21    3:207K                                   Donnelley … Solutions/FA

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Filing Submission 0000950170-22-016519 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)