Capital Structure (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Common Stock Reserved for Future Issuance

The following table summarizes shares of common stock reserved for future issuance as of September 30, 2023 (recorded on a post-reverse split basis):


(In thousands)			Number of Shares
Restricted stock units outstanding			1,912
Stock options outstanding			54
Shares issuable upon conversion of 2025 Notes			3,857
Shares issuable upon conversion of 2026 Notes			1,080
Shares issuable upon conversion of 2021 Public Warrants			1,725
Shares issuable upon conversion of 2021 Private Warrants			57
Shares issuable upon conversion of 2021 PIPE Warrants			29
Shares issuable upon conversion of the 2023 Private Placement Series A Warrants			3,000
Shares issuable upon conversion of the 2023 Private Placement Series B Warrants			3,000
Shares issuable upon conversion of the 2023 Private Placement Pre-Funded Warrants			701
Shares available for future grant under 2021 EIP			840
			16,255

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Cloudbreak Plan (recorded on a post-reverse split basis):


	Number of Shares	Weighted Average Exercise Price Per Share
Outstanding as of December 31, 2022	138	$	50.76
Options exercised	—	$	—
Outstanding as of March 31, 2023	138	$	50.76
Options forfeited or expired	(84)	$	53.00
Outstanding as of June 30, 2023	54	$	47.35
Options forfeited or expired	—	$	—
Outstanding as of September 30, 2023	54	$	47.35

Schedule 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, 2022	878	$	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
RSUs granted	—	$	—
RSUs vested and released	(45)	$	8.68
RSUs forfeited	(425)	$	1.83
Outstanding as of September 30, 2023	1,552	$	2.56

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
Outstanding as of June 30, 2023	200	$	1.24
RSUs granted	160	$	1.01
Outstanding as of September 30, 2023	360	$	1.14