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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

 

In July 2022, the Company entered into separate, privately negotiated exchange agreements with certain holders of its Convertible Notes. Under the terms of the exchange agreements, the holders exchanged approximately $98.1 million in aggregate principal amount of Convertible Notes held by them for an aggregate of 3,027,018 shares of common stock issued by the Company. These exchange transactions closed in August 2022. The Company also issued 46,132 shares of common stock to our financial advisor for compensation for services performed in connection with the exchange transactions. Following closing of the exchange transactions, there was $93.9 million in aggregate principal amount of Convertible Notes outstanding and held by third parties. The Company held in treasury Convertible Notes in aggregate principal amount of $425.4 million, which notes had not been cancelled.