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Capital Structure (Tables)
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Schedule of Common Stock Reserved for Future Issuance The following table summarizes shares of common stock reserved for future issuance as of June 30, 2023 (recorded on a post-reverse split basis):
(In thousands)Number of Shares
Restricted stock units outstanding2,222 
Stock options outstanding54 
Shares issuable upon conversion of 2025 Notes3,857 
Shares issuable upon conversion of 2026 Notes1,080 
Shares issuable upon conversion of 2021 Public Warrants1,725 
Shares issuable upon conversion of 2021 Private Warrants57 
Shares issuable upon conversion of 2021 PIPE Warrants29 
Shares issuable upon conversion of the 2023 Private Placement Series A Warrants3,000 
Shares issuable upon conversion of the 2023 Private Placement Series B Warrants3,000 
Shares issuable upon conversion of the 2023 Private Placement Pre-Funded Warrants1,250 
Shares available for future grant under 2021 EIP575 
16,849 
Summary of Stock Option Activity
The following table summarizes stock option activity under the Cloudbreak Plan (recorded on a post-reverse split basis):

Number of SharesWeighted Average Exercise Price Per Share
Outstanding as of December 31, 2022138 $50.76 
Options exercised— $— 
Outstanding as of March 31, 2023138 $50.76 
Options forfeited or expired(84)$53.00 
Outstanding as of June 30, 202354 $47.35 
Summary of RSU Activity
The following table summarizes our RSU activity under the 2021 EIP (recorded on a post-reverse split basis):

Number of Shares
Weighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 2022878 $6.61 
RSUs granted
663 $2.03 
RSUs vested and released
(82)$16.09 
RSUs forfeited
(118)$7.10 
Outstanding as of March 31, 2023
1,341 $3.91 
RSUs granted
1,000 $1.56 
RSUs vested and released
(277)$5.67 
RSUs forfeited
(42)$1.95 
Outstanding as of June 30, 2023
2,022 $2.55 

2023 Inducement Equity Incentive Plan

On May 1, 2023, our Board of Directors approved up to 700,000 shares to be issued under a 2023 Inducement Equity Incentive Plan, the “2023 IEIP”. The following table summarizes our RSU activity under the 2023 IEIP:
Number of Shares
Weighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 2022— $— 
RSUs granted
200 $1.24 
RSUs vested and released
— $— 
RSUs forfeited
— $— 
Outstanding as of June 30, 2023
200 $1.24