Capital Structure (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Common Stock Reserved for Future Issuance

Shares of common stock reserved for future issuance as of September 30, 2021 were as follows:

(In thousands)	Number of Shares
Restricted stock units outstanding	5,199
Stock options outstanding	1,516
Shares issuable upon conversion of 2026 Notes	15,023
Shares issuable upon conversion of Public Warrants	17,250
Shares issuable upon conversion of Private Warrants	568
Shares issuable upon conversion of PIPE Warrants	300
Shares available for future grant under 2021 EIP	11,193
	51,049

Summary of Stock Option Activity

The following table summarizes stock option activity under the Cloudbreak Plan:

(In thousands, except per share amounts)	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value(1)
Outstanding at June 9, 2021	1,711,613	$	4.45	4.40	$	915
Options granted	—	—		—
Options exercised	195,743	1.63		3.78	299
Options forfeited or expired	—	—		—
Outstanding at September 30, 2021	1,515,870	$	4.81	4.48	$	616

(1) The aggregate intrinsic value amounts are computed based on the difference between the exercise price of the stock options and the fair market value of our common stock of $3.16 per share as of September 30, 2021 for all in-the-money stock options outstanding.

Summary of RSU Activity

The following table summarizes our RSU activity under the 2021 EIP:

	Number of Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at June 30, 2021	—	$	—
RSUs granted	5,198,842	5.05
RSUs exercised	—	—
RSUs forfeited	—	—
Outstanding at September 30, 2021	5,198,842	$	5.05