Long-Term Debt - Additional Information (Detail) $ / shares in Units, $ in Thousands |
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1 Months Ended |
3 Months Ended |
6 Months Ended |
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Jun. 13, 2022
USD ($)
$ / shares
shares
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Nov. 30, 2021
Installments
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Jun. 30, 2022
USD ($)
$ / shares
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Jun. 30, 2021
USD ($)
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Jun. 30, 2022
USD ($)
$ / shares
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Jun. 30, 2021
USD ($)
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Dec. 31, 2021
USD ($)
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May 17, 2021
USD ($)
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Debt Instrument [Line Items] |
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Interest expense long term debt |
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$ 1,046
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$ 589
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$ 2,673
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$ 1,093
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Debt issuance costs, net |
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7,827
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7,827
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$ 24,852
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Issuance of shares to FP Lenders (Note 6) |
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8,065
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8,065
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Loss (Gain) on extinguishment of debt |
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(22,510)
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$ (4,954)
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(22,510)
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(3,255)
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Long-term debt |
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96,921
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96,921
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51,124
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Eastward Loan Facility |
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$ 104,748
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$ 104,748
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75,976
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Number of Tranches | Installments |
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15
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
$ 2.01
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Class A Common Stock [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 2.01
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$ 2.01
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GPO Warrant [Member] |
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Debt Instrument [Line Items] |
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Class of Warrants or Rights Issued During Period | shares |
198,675
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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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$ 4,462
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$ 4,462
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4,500
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Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Line of Credit Facility, Maximum Borrowing Capacity |
$ 120,000
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Debt issuance cost |
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4,342
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4,342
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Blue Torch Term Loan Facility [Member] | Blue Torch Warrant [Member] |
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Debt Instrument [Line Items] |
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
$ 2.01
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Warrants for common stock issued |
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3,579
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Class of Warrants or Rights Issued During Period | shares |
3,496,205
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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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Proceeds term loan |
$ 70,000
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Description of credit facility |
Subject to certain exceptions, prepayments of the Blue Torch Credit Facility will be subject to early termination fees in an amount equal to 3.0% of the principal prepaid if prepayment occurs on or prior to the first anniversary of the closing date, 2.0% of principal prepaid if prepayment occurs after the first anniversary of the closing date but on or prior to the second anniversary of the closing date and 1.0% of principal prepaid if prepayment occurs after the second anniversary of the closing date but on or prior to the third anniversary of the closing date, plus if prepayment occurs 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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Introducing Fee | Warrant |
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Debt Instrument [Line Items] |
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Deferred Finance Costs Gross |
$ 600
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FP Term Loan [Member] |
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Debt Instrument [Line Items] |
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Loss (Gain) on extinguishment of debt |
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4,954
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Eastward Loan Facility |
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0
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0
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$ 71,512
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FP Term Loan [Member] | Credit Agreement With Fp Credit Partners Lp |
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Debt Instrument [Line Items] |
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Debt Instrument, Face Amount |
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$ 70,000
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Debt instrument covenant minimum unrestricted cash to be maintained |
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15,000
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15,000
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Loss (Gain) on extinguishment of debt |
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22,510
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Outstanding Principal Amount |
$ 72,835
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Paycheck Protection Program [Member] |
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Debt Instrument [Line Items] |
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Loss (Gain) on extinguishment of debt |
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$ 1,699
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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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$ 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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Long term debt interest rate |
2.00%
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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 $19,700 was placed in an escrow account by Blue Torch with such amount to be released upon the Company achieving certain metrics related to annualized recurring revenue and a total annualized recurring revenue leverage ratio of not greater than 1.25 to 1.00. The term loan accrues interest at a floating rate, to be based, at the Company's election, on either a reference rate or a 3-month Term Secured Overnight Financing Rate ("SOFR") rate (subject to a 1.0% floor), plus an interest rate margin of 7.0% for reference rate borrowings and 8.0% for 3-month Term SOFR borrowings.
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Line of Credit [Member] | Blue Torch Term Loan Facility [Member] | SOFR |
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Debt Instrument [Line Items] |
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Long term debt interest rate |
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9.34%
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9.34%
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Line of Credit [Member] | Commitment Fee | Blue Torch Term Loan Facility [Member] |
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Debt Instrument [Line Items] |
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Deferred Finance Costs Gross |
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$ 2,400
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$ 2,400
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Line of Credit [Member] | Agency Fee | 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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250
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Line of Credit [Member] | Exit Fee | 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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$ 1,800
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$ 1,800
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