Long-Term Debt - Additional Information (Details) $ / shares in Units, Installments in Thousands, $ in Thousands |
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1 Months Ended |
12 Months Ended |
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Aug. 27, 2024
USD ($)
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Apr. 08, 2024
USD ($)
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Feb. 08, 2024
USD ($)
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Oct. 02, 2023
USD ($)
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Jun. 13, 2022
USD ($)
$ / shares
shares
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Nov. 30, 2021
Installments
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Dec. 31, 2024
USD ($)
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Dec. 31, 2023
USD ($)
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Sep. 27, 2023
USD ($)
$ / shares
shares
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Jan. 04, 2023
shares
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Debt Instrument [Line Items] |
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Interest expense long term debt |
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$ 20,347
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$ 19,032
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Amortization of Debt Issuance Costs and Discounts |
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4,477
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2,337
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Debt issuance costs, net |
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4,510
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9,011
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Class of Warrant or Right, Outstanding | shares |
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597,082
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Long-term debt |
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4,618
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114,113
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Long-term Debt, Gross |
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103,064
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123,124
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Number of Tranches | Installments |
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15
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Warrant exercise price | $ / shares |
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$ 5.44
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Common Class A [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Outstanding | shares |
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34,728
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Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Company's Total Liquidity |
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35,000
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Minimum liquidity |
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$ 20,000
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30,000
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Decrease in Liquidity |
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$ 10,000
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Incremental Change in LIquidity |
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5,000
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Debt issuance costs |
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$ 4,591
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Line of credit facility, maximum borrowing capacity |
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$ 120,000
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Line Of Credit Facility Description |
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The $120,000 term loan was available and drawn at closing, of which $19,735 was placed in an escrow account by Blue Torch with such amount to be released upon the Company achieving certain metrics related to annualized recurring revenue and a total annualized recurring revenue leverage ratio. These metrics were achieved and the $19,735 was released from the escrow account and delivered to the Company in February 2023. The term loan accrues interest at a floating rate, to be based, at the Company's election, on either a reference rate or a 3-month Term Secured Overnight Financing Rate ("SOFR") (subject to a 1.0% floor), plus an interest rate margin of 7.0% for reference rate borrowings and 8.0% for 3-month Term SOFR borrowings, plus an incremental Term SOFR margin of 0.26161%.
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Warrant To Urgent Capital Llc [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Outstanding | shares |
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597,082
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Warrant exercise price | $ / shares |
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$ 5.44
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Credit Agreement With Fp Credit Partners Lp | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Description of credit facility |
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Subject to certain exceptions, prepayments of principal under the Blue Torch Credit Facility will be subject to early termination fees in the amount of 3.0%, 2.0%, and 1.0% of the principal prepaid if prepayment occurs within the first, second and third years following the closing date, respectively, plus if prepayment would have occurred on or prior to the first anniversary of the closing date, a make-whole amount equal to the amount of interest that would have otherwise been payable through the maturity date of the Blue Torch Credit Facility.
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Proceeds From Loan |
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$ 70,000
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Warrant [Member] | Introducing Fee [Member] |
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Debt Instrument [Line Items] |
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Deferred finance costs gross |
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$ 600
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Common Stock Warrant [Member] |
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Debt Instrument [Line Items] |
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Warrants for common stock issued |
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$ 6,157
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Common Stock Warrant [Member] | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Outstanding | shares |
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437,024
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Common Stock Warrant [Member] | Warrant To Urgent Capital Llc [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Outstanding | shares |
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24,834
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Warrant exercise price | $ / shares |
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$ 16.88
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Blue Torch Warrants [Member] |
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Debt Instrument [Line Items] |
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Principal Prepayment |
$ 10,000
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Liabilities Subject to Compromise, Early Contract Termination Fees |
$ 100
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Warrant exercise price | $ / shares |
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$ 16.08
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Exact Earth Acquisition [Member] |
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Debt Instrument [Line Items] |
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Long-term debt |
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4,618
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$ 5,128
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Line of Credit [Member] |
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Debt Instrument [Line Items] |
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Line of credit facility, maximum borrowing capacity |
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$ 5,701
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Line of Credit [Member] | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Deferred Finance Costs Gross |
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$ 2,500
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Early Repayment of Subordinated Debt |
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$ 50
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Debt instrument interest rate stated percentage |
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1.50%
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Line of Credit [Member] | Blue Torch Term Loan Facility [Member] | SOFR |
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Debt Instrument [Line Items] |
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Debt instrument interest rate stated percentage |
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12.6571%
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Line of Credit [Member] | Commitment Fee [Member] | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Deferred finance costs gross |
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$ 2,400
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Line of Credit [Member] | Agency Fee [Member] | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Deferred finance costs gross |
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250
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Line of Credit [Member] | Exit Fee [Member] | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Deferred finance costs gross |
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$ 200
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$ 1,800
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$ 1,800
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Line of Credit [Member] | Blue Torch Warrants [Member] |
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Debt Instrument [Line Items] |
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Early Repayment of Subordinated Debt |
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$ 10,000
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